214 Spectrum Ave SWRio RanchoNM87124
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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 Rio Rancho at 214 Spectrum Ave SW, Rio Rancho, NM, 87124 priced at $361,280 pairs $2,718/mo rent with $553/mo cash flow after a $1,768/mo payment. Total monthly income equals $2,718/mo, and annual cash flow comes to $6,633/yr on $119,764 invested. Return on cash invested is 25.45% in year one, and rental yield stands at 9.03% on a $361,280 basis. Equity gained on principal adds $2,331/yr, and 5% annual appreciation accumulates to $99,815 by year five. Five-year ROI measures 132.28% and total cumulative return in cash reaches $158,427. For financing, Ziffy Mortgage’s DSCR program evaluates $2,718/mo property income against a $1,768/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
$45 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Wade Messenger • Pulte Homes of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1079762
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.