234 Closson St #14Santa FeNM87501
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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
Total monthly income runs $2,300/mo, and a $2,276/mo payment. Purchase price stands at $465,000, and rental yield measures 5.94% with $2,300/mo rent. Return on cash invested shows 16.57% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 84.5% and total cumulative return in cash records $130,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,300/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87501, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,095 (100%) |
| Owner Occupied HU | 5,236 (51.9%) |
| Renter Occupied HU | 2,987 (29.6%) |
| Vacant Housing Units | 1,872 (18.5%) |
| Median Home Value | $731,150 |
| Average Home Value | $895,812 |
Housing Distribution
Address Breakdown
Residential
8,688
Single Family
7,953
Multi-Family
735
Businesses
1,573
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Listed by: Catherine Griffith • Sotheby's Int. RE/Washington
Mls Name: SFARMLS
Mls ID: #202600046