2 Connecticut CtMoriartyNM87035
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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 Moriarty at 2 Connecticut Ct, Moriarty, NM, 87035 priced at $129,000 converts $840/mo rent into $83/mo cash flow after a $631/mo obligation. Total monthly income equals $840/mo, and annual cash flow totals $999/yr on $42,764 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 7.81% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 115.03% and total cumulative return in cash sums $49,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $840/mo property income covering a $631/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87035, Moriarty, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,414 (100%) |
| Owner Occupied HU | 2,393 (70.1%) |
| Renter Occupied HU | 557 (16.3%) |
| Vacant Housing Units | 464 (13.6%) |
| Median Home Value | $148,548 |
| Average Home Value | $175,763 |
Housing Distribution
Address Breakdown
Residential
1,202
Single Family
1,202
Multi-Family
0
Businesses
242
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Listed by: Roberta S. Robledo • Re/Max Exclusive
Mls Name: SWMLS
Mls ID: #1096878