23 Lucero RdSanta FeNM87508
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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 23 Lucero Rd, Santa Fe, NM, 87508 priced at $699,950 pairs $3,360/mo rent with after a $3,426/mo payment. Total monthly income equals $3,360/mo. Return on cash invested is 16.16% in year one, and rental yield stands at 5.76% on a $699,950 basis. Equity gained on principal adds $4,517/yr, and 5% annual appreciation accumulates to $193,383 by year five. Five-year ROI measures 82.29% and total cumulative return in cash reaches $189,492. For financing, Ziffy Mortgage’s DSCR program evaluates $3,360/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87508, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,135 (100%) |
| Owner Occupied HU | 7,361 (80.6%) |
| Renter Occupied HU | 1,153 (12.6%) |
| Vacant Housing Units | 621 ( 6.8%) |
| Median Home Value | $610,899 |
| Average Home Value | $678,724 |
Housing Distribution
Address Breakdown
Residential
8,472
Single Family
8,472
Multi-Family
0
Businesses
303
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Listed by: Shirley Montanez • RE/MAX Avante
Mls Name: SFARMLS
Mls ID: #202504329