1636 New Mexico #304BelenNM87002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Belen at 1636 New Mexico #304, Belen, NM, 87002 offers a 6.62% rental yield on a $370,000 purchase with $2,040/mo rent. 62% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 95.53% and total cumulative return in cash at $117,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Almanzar • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1097322