24 Los Balcones Pl NERio RanchoNM87124
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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
Investment property for sale in Rio Rancho at 24 Los Balcones Pl NE, Rio Rancho, NM, 87124 at $799,000 posts ROI 21.8% with $382/mo cash flow from $5,072/mo rent. Total monthly income equals $5,072/mo, and annual cash flow records $4,584/yr on $262,871 to close. Return on cash invested measures 21.8% and rental yield reads 7.62% at the current $799,000. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 by year five. Five-year ROI prints 112.54% and total cumulative return in cash totals $295,830.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,072/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2009
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Leonel Munoz • Regal Real Estate Experts
Mls Name: SWMLS
Mls ID: #1088318