2 Jane LnEdgewoodNM87015
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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 Edgewood at 2 Jane Ln, Edgewood, NM, 87015 priced at $289,000 converts $2,282/mo rent into $585/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,282/mo, and annual cash flow totals $7,023/yr on $95,804 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.48% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 141.78% and total cumulative return in cash sums $135,830. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,282/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1992
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: Price Group Realtors • All In Realty LLC
Mls Name: SWMLS
Mls ID: #1095326