2 Mountain View 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 Mountain View Ln, Edgewood, NM, 87015 priced at $527,500 pairs $2,860/mo rent with after a $2,582/mo payment. Total monthly income equals $2,860/mo. Return on cash invested is 18.43% in year one, and rental yield stands at 6.51% on a $527,500 basis. Equity gained on principal adds $3,404/yr, and 5% annual appreciation accumulates to $145,739 by year five. Five-year ROI measures 94.44% and total cumulative return in cash reaches $163,898. For financing, Ziffy Mortgage’s DSCR program evaluates $2,860/mo property income against a $2,582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
1.22 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: Kathleen S. Tomlinson • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1088254