235 Bazan LoopCorralesNM87048
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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 Corrales at 235 Bazan Loop, Corrales, NM, 87048 offers $3,217/mo rent that, after a $4,846/mo payment. Total monthly income is $3,217/mo. Return on cash invested measures 10.5% in year one, and rental yield stands at 3.9% at a $990,000 entry. Equity gained on principal adds $6,388/yr while 5% annual appreciation compounds into $273,519 by year five. Five-year ROI records 51.94% and total cumulative return in cash reaches $169,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,217/mo property income versus a $4,846/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Sandi D. Pressley • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1093803