2318 Old Red River Rd #BQuestaNM87556
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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 Questa at 2318 Old Red River Rd #B, Questa, NM, 87556 generates $1,620/mo in rent and, after a $1,224/mo payment, leaves $152/mo in cash flow. Total monthly income is $1,620/mo, and annual cash flow is $1,827/yr on $82,875 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 7.78% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 114.29% and total cumulative return in cash sums $94,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87556, Questa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 1,012 (63.4%) |
| Renter Occupied HU | 189 (11.8%) |
| Vacant Housing Units | 395 (24.7%) |
| Median Home Value | $305,263 |
| Average Home Value | $383,676 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
48
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Listed by: Gary Hillman • Coldwell Banker Mountain Properties
Mls Name: Enchanted Circle
Mls ID: #113732