206 Meek StSocorroNM87801
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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 Socorro at 206 Meek St, Socorro, NM, 87801 earns from $960/mo rent with a $954/mo payment. Total monthly income totals $960/mo. ROI tracks 16.49% on current figures, and rental yield reads 5.91% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 84.09% and total cumulative return in cash sums $54,358. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $960/mo property income instead of your personal income.
Single Family
Built in 1970
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: Amanda Champine • Dragonfly Capital RE
Mls Name: SWMLS
Mls Provider:
Mls ID: #1087320
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.