186 Kings Meadow DrSandia ParkNM87047
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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 Sandia Park at 186 Kings Meadow Dr, Sandia Park, NM, 87047 priced at $459,000 pairs $1,778/mo rent with after a $2,247/mo payment. Total monthly income equals $1,778/mo. Return on cash invested is 12.68% in year one, and rental yield stands at 4.65% on a $459,000 basis. Equity gained on principal adds $2,962/yr, and 5% annual appreciation accumulates to $126,813 by year five. Five-year ROI measures 63.67% and total cumulative return in cash reaches $96,875. For financing, Ziffy Mortgage’s DSCR program evaluates $1,778/mo property income against a $2,247/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87047, Sandia Park, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,690 (100%) |
| Owner Occupied HU | 2,208 (82.1%) |
| Renter Occupied HU | 193 ( 7.2%) |
| Vacant Housing Units | 289 (10.7%) |
| Median Home Value | $460,325 |
| Average Home Value | $531,024 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,285
Multi-Family
0
Businesses
87
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Listed by: Elizabeth A. McGuire • Coldwell Banker Legacy
Mls Name: SWMLS
Mls Provider:
Mls ID: #1083597
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.