1604 Kit Carson DrGallupNM87301
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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
Investment Highlights
Investment property for sale in Gallup at 1604 Kit Carson Dr, Gallup, NM, 87301 listed at $284,900 pairs $2,040/mo rent with a $1,394/mo payment to leave $368/mo cash flow. Total monthly income runs $2,040/mo, and annual cash flow reaches $4,419/yr on $94,444 cash to close. Return on cash invested measures 24.59% in year one, and rental yield registers 8.59% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 127.54% and total cumulative return in cash totals $120,455. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
9,456 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87301, Gallup, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,490 (100%) |
| Owner Occupied HU | 7,254 (58.1%) |
| Renter Occupied HU | 4,131 (33.1%) |
| Vacant Housing Units | 1,105 ( 8.8%) |
| Median Home Value | $112,050 |
| Average Home Value | $166,876 |
Housing Distribution
Address Breakdown
Residential
6,941
Single Family
6,583
Multi-Family
358
Businesses
983
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Listed by: George Anast • Keller Williams Realty Gallup Living
Mls Name: New Mexico MLS
Mls ID: #20255734