223 E Santa Fe Ave APT CSanta FeNM87505
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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 Santa Fe at 223 E Santa Fe Ave APT C, Santa Fe, NM, 87505 priced at $639,000 converts $2,796/mo rent into after a $3,128/mo obligation. Total monthly income equals $2,796/mo. Return on cash invested prints 14.61% in year one, and rental yield reads 5.25% against a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,544 by year five. Five-year ROI reaches 73.95% and total cumulative return in cash sums $155,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,796/mo property income covering a $3,128/mo payment, not borrower’s personal income.
Condo
Built in 1982
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87505, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,151 (100%) |
| Owner Occupied HU | 9,407 (51.8%) |
| Renter Occupied HU | 6,744 (37.2%) |
| Vacant Housing Units | 2,000 (11.0%) |
| Median Home Value | $592,421 |
| Average Home Value | $707,240 |
Housing Distribution
Address Breakdown
Residential
16,208
Single Family
14,304
Multi-Family
1,904
Businesses
2,002
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Listed by: Freddie Sue Gatewood • Realty One of Santa Fe
Mls Name: SWMLS
Mls ID: #1094812