23 Avenida MeridaLos LunasNM87031
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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 Los Lunas at 23 Avenida Merida, Los Lunas, NM, 87031 priced at $301,755 converts $2,274/mo rent into $503/mo cash flow after a $1,477/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $6,033/yr on $100,032 invested. Return on cash invested prints 25.94% in year one, and rental yield reads 9.04% against a $301,755 entry. Equity gained on principal adds $1,947/yr, while 5% annual appreciation compiles into $83,369 by year five. Five-year ROI reaches 134.76% and total cumulative return in cash sums $134,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,477/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87031, Los Lunas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,866 (100%) |
| Owner Occupied HU | 13,557 (75.9%) |
| Renter Occupied HU | 3,091 (17.3%) |
| Vacant Housing Units | 1,218 ( 6.8%) |
| Median Home Value | $249,395 |
| Average Home Value | $271,565 |
Housing Distribution
Address Breakdown
Residential
16,830
Single Family
16,569
Multi-Family
261
Businesses
796
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Listed by: Jeremy Navarro • Nomad Realty LLC DBA Hakes Bro
Mls Name: SWMLS
Mls ID: #1090211