21 La Canada WayAbiquiuNM87510
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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 Abiquiu at 21 La Canada Way, Abiquiu, NM, 87510 priced at $678,000 converts $2,534/mo rent into after a $3,318/mo obligation. Total monthly income equals $2,534/mo. Return on cash invested prints 12.29% in year one, and rental yield reads 4.48% against a $678,000 entry. Equity gained on principal adds $4,375/yr, while 5% annual appreciation compiles into $187,319 by year five. Five-year ROI reaches 61.5% and total cumulative return in cash sums $137,181. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,534/mo property income covering a $3,318/mo payment, not borrower’s personal income.
Single Family
Built in 2019
7.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87510, Abiquiu, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 831 (100%) |
| Owner Occupied HU | 608 (73.2%) |
| Renter Occupied HU | 92 (11.1%) |
| Vacant Housing Units | 131 (15.8%) |
| Median Home Value | $303,279 |
| Average Home Value | $331,336 |
Housing Distribution
Address Breakdown
Residential
26
Single Family
26
Multi-Family
0
Businesses
31
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Nearby investment properties with comparable prices
Listed by: Crystal Martinez • New Mexico Real Estate Group
Mls Name: Enchanted Circle
Mls Provider:
Mls ID: #113055
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