2211 Leonard St SERio RanchoNM87124
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
Investment property for sale in Rio Rancho at 2211 Leonard St SE, Rio Rancho, NM, 87124 earns $317/mo cash flow from $2,225/mo rent with a $1,591/mo payment. Total monthly income totals $2,225/mo, and annual cash flow totals $3,805/yr on $107,738 capital. ROI tracks 23.44% on current figures, and rental yield reads 8.22% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 121.4% and total cumulative return in cash sums $130,789. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,225/mo property income instead of your personal income.
Single Family
Built in 1973
0.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Team Elevate • RE/MAX ELEVATE
Mls Name: SWMLS
Mls ID: #1095471