173 Barnard RdCorralesNM87048
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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 Corrales at 173 Barnard Rd, Corrales, NM, 87048 earns $113/mo cash flow from $2,989/mo rent with a $2,398/mo payment. Total monthly income totals $2,989/mo, and annual cash flow totals $1,360/yr on $162,402 capital. ROI tracks 20.75% on current figures, and rental yield reads 7.32% at a $489,900 purchase. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,350 over five years. Five-year ROI reaches 106.93% and total cumulative return in cash sums $173,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,989/mo property income instead of your personal income.
Single Family
Built in 2007
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Robin L Florance • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1095591