205 E San Miguel StLa MesaNM88044
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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 La Mesa at 205 E San Miguel St, La Mesa, NM, 88044 priced at $180,000 converts $1,800/mo rent into $744/mo cash flow after a $881/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $8,922/yr on $59,670 invested. Return on cash invested prints 34.86% in year one, and rental yield reads 12% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 182.65% and total cumulative return in cash sums $108,989. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1987
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88044, La Mesa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 983 (72.5%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 137 (10.1%) |
| Median Home Value | $265,588 |
| Average Home Value | $275,206 |
Housing Distribution
Address Breakdown
Residential
871
Single Family
871
Multi-Family
0
Businesses
28
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Listed by: Ernesto Uranga • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2501818