198 State Highway 511BlancoNM87412
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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 Blanco at 198 State Highway 511, Blanco, NM, 87412 generates $1,758/mo in rent and, after a $1,444/mo payment, leaves $26/mo in cash flow. Total monthly income is $1,758/mo, and annual cash flow is $316/yr on $97,793 invested. Return on cash invested sits at 20.23% in year one, and rental yield is 7.15% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 104.18% and total cumulative return in cash sums $101,882. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
2.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87412, Blanco, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 419 (100%) |
| Owner Occupied HU | 258 (61.6%) |
| Renter Occupied HU | 59 (14.1%) |
| Vacant Housing Units | 102 (24.3%) |
| Median Home Value | $245,614 |
| Average Home Value | $287,752 |
Housing Distribution
Address Breakdown
Residential
169
Single Family
169
Multi-Family
0
Businesses
14
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Listed by: Paul M Barry • RE/MAX of Farmington
Mls Name: SJCMLS
Mls ID: #25-1040