20 Conejo RdCedar CrestNM87008
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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 Cedar Crest at 20 Conejo Rd, Cedar Crest, NM, 87008 offers a 8.02% rental yield on a $209,900 purchase with $1,403/mo rent. Total monthly income registers $1,403/mo, and a $1,027/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,056/yr on $69,582 to close, and return on cash invested stands at 22.86% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 118.32% and total cumulative return in cash at $82,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,403/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87008, Cedar Crest, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,123 (100%) |
| Owner Occupied HU | 923 (82.2%) |
| Renter Occupied HU | 89 ( 7.9%) |
| Vacant Housing Units | 111 ( 9.9%) |
| Median Home Value | $397,352 |
| Average Home Value | $448,594 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
874
Multi-Family
0
Businesses
158
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Listed by: Michael B James • N.M. REO Specialists
Mls Name: SWMLS
Mls ID: #1092597