2198 Lema Rd SERio 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
Investment property for sale in Rio Rancho at 2198 Lema Rd SE, Rio Rancho, NM, 87124 offers a 7.97% rental yield on a $435,000 purchase with $2,890/mo rent. Total monthly income registers $2,890/mo, and a $2,129/mo payment leaves $337/mo available for distribution. Annual cash flow reaches $4,042/yr on $144,203 to close, and return on cash invested stands at 22.71% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 117.44% and total cumulative return in cash at $169,356. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,890/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
9,147 sqft lot
$N/A/sqft
No 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: Sean N. Kesani • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1094481