216 Desert Garden DrSanta TeresaNM88008
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Santa Teresa at 216 Desert Garden Dr, Santa Teresa, NM, 88008 priced at $399,950 converts $2,338/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,338/mo. Return on cash invested prints 19.82% in year one, and rental yield reads 7.01% against a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,499 by year five. Five-year ROI reaches 101.98% and total cumulative return in cash sums $135,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,338/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2002
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88008, Santa Teresa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,131 (100%) |
| Owner Occupied HU | 3,152 (76.3%) |
| Renter Occupied HU | 806 (19.5%) |
| Vacant Housing Units | 173 ( 4.2%) |
| Median Home Value | $245,600 |
| Average Home Value | $290,603 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,421
Multi-Family
319
Businesses
253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jack Bumgardner • ERA Sellers & Buyers Real Esta
Mls Name: GEPAR
Mls Provider:
Mls ID: #923307
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2025 the Greater El Paso Association of REALTORS, MLS Inc. All rights reserved.