2308 Animas Ct NERio RanchoNM87144
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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 Rio Rancho at 2308 Animas Ct NE, Rio Rancho, NM, 87144 priced at $410,000 converts $2,645/mo rent into $238/mo cash flow after a $2,007/mo obligation. Total monthly income equals $2,645/mo, and annual cash flow totals $2,859/yr on $135,915 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 7.74% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 113.73% and total cumulative return in cash sums $154,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,645/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.28 Acres lot
$N/A/sqft
No HOA
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Listed by: Nicholas Raymond Pena • Keller Williams Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1083830
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.