18 Grenfell Ranch RdCerrillosNM87010
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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
Rental property for sale in Cerrillos at 18 Grenfell Ranch Rd, Cerrillos, NM, 87010 generates $1,800/mo in rent, after a $4,058/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 6.57% in year one, and rental yield is 2.61% on a $829,000 entry. Equity gained on principal adds $5,349/yr, while 5% annual appreciation builds toward $229,037 over five years. Five-year ROI reaches 30.85% and total cumulative return in cash sums $84,148. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
9.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87010, Cerrillos, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 809 (100%) |
| Owner Occupied HU | 526 (65.0%) |
| Renter Occupied HU | 154 (19.0%) |
| Vacant Housing Units | 129 (15.9%) |
| Median Home Value | $477,193 |
| Average Home Value | $552,776 |
Housing Distribution
Address Breakdown
Residential
334
Single Family
334
Multi-Family
0
Businesses
66
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Listed by: James Delgado • Barker Realty, LLC
Mls Name: SFARMLS
Mls ID: #202504910