19408 S Highway 28 APT 1San MiguelNM88044
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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 San Miguel at 19408 S Highway 28 APT 1, San Miguel, NM, 88044 offers a 9.65% rental yield on a $230,000 purchase with $1,849/mo rent. Total monthly income registers $1,849/mo, and a $1,126/mo payment leaves $499/mo available for distribution. Annual cash flow reaches $5,985/yr on $76,245 to close, and return on cash invested stands at 27.76% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 144.54% and total cumulative return in cash at $110,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,849/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88044, La Mesa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 983 (72.5%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 137 (10.1%) |
| Median Home Value | $265,588 |
| Average Home Value | $275,206 |
Housing Distribution
Address Breakdown
Residential
871
Single Family
871
Multi-Family
0
Businesses
28
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Listed by: Emily Silverman • BHGRE Steinborn & Associates
Mls Name: SNMMLS
Mls ID: #2600121