1601 Salt River Ct NE, Rio Rancho, NM, 87144 | $402/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
3 Bath
1286 sft

120 Calle Olas Altos NE, Albuquerque, NM, 87109

3 Bed
2 Bath
1625 sft

6224 Calle De Vida NW, Albuquerque, NM, 87114

3 Bed
2 Bath
1376 sft

2404 Tompiro Dr NW, Albuquerque, NM, 87120

2 Bed
2 Bath
1416 sft

11016 Fort Point Ln NE UNIT A, Albuquerque, NM, 87123

Nearby investment properties with comparable prices

3 Bed
2 Bath
1427 sft

2920 Cardenas Dr NE, Albuquerque, NM, 87110

4 Bed
3 Bath
1777 sft

223 Glenridge Park Ln NE, Albuquerque, NM, 87123

4 Bed
1 Bath
1844 sft

1124 Facio Ct SW, Albuquerque, NM, 87121

3 Bed
2 Bath
1390 sft

9108 Gutierrez Rd NE, Albuquerque, NM, 87111

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Rental property for sale in Rio Rancho at 1601 Salt River Ct NE, Rio Rancho, NM, 87144 offers $2,489/mo rent that, after a $1,740/mo payment, leaves $402/mo cash flow. Total monthly income is $2,489/mo, and annual cash flow is $4,829/yr on $117,848 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 8.4% at a $355,500 entry. Equity gained on principal adds $2,294/yr while 5% annual appreciation compounds into $98,218 by year five. Five-year ROI records 124.41% and total cumulative return in cash reaches $146,617. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,489/mo property income versus a $1,740/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

0.28 Acres lot

$N/A/sqft

No HOA