215 Alto Ln APT DSanta FeNM87501
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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 Santa Fe at 215 Alto Ln APT D, Santa Fe, NM, 87501 with 5% annual appreciation on a $374,950 basis while $2,867/mo rent supports operations. Total monthly income totals $2,867/mo and a $1,835/mo payment preserves $666/mo for cash returns. Annual cash flow comes to $7,997/yr on $124,296 deployed, and return on cash invested reaches 26.34% in year one. Equity gained on principal adds $2,419/yr, and five-year appreciation sums $103,592 alongside rental yield of 9.18%. Five-year ROI measures 136.94% and total cumulative return in cash totals $170,207.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,867/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1980
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87501, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,095 (100%) |
| Owner Occupied HU | 5,236 (51.9%) |
| Renter Occupied HU | 2,987 (29.6%) |
| Vacant Housing Units | 1,872 (18.5%) |
| Median Home Value | $731,150 |
| Average Home Value | $895,812 |
Housing Distribution
Address Breakdown
Residential
8,688
Single Family
7,953
Multi-Family
735
Businesses
1,573
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Listed by: Grace Elliott • Sotheby's Int. RE/Grant
Mls Name: SFARMLS
Mls ID: #202503889