2 Road 6288KirtlandNM87417
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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 Kirtland at 2 Road 6288, Kirtland, NM, 87417 uses $67,958 cash to close to unlock $3,157/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,466/mo, and a $1,003/mo payment keeps the spread at $263/mo. Purchase price stands at $205,000, and rental yield measures 8.58% with $1,466/mo rent. Return on cash invested shows 24.56% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 127.38% and total cumulative return in cash records $86,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,466/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87417, Kirtland, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 1,376 (67.2%) |
| Renter Occupied HU | 416 (20.3%) |
| Vacant Housing Units | 255 (12.5%) |
| Median Home Value | $194,470 |
| Average Home Value | $205,805 |
Housing Distribution
Address Breakdown
Residential
1,411
Single Family
1,411
Multi-Family
0
Businesses
129
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Listed by: Kara B Wood • Kirtland Realty
Mls Name: SJCMLS
Mls ID: #26-84