24070 Highway 64 WEl PradoNM87529
Nearby investment properties with comparable rents
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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 El Prado at 24070 Highway 64 W, El Prado, NM, 87529 generates $3,360/mo in rent, after a $9,765/mo payment. Total monthly income is $3,360/mo. Return on cash invested sits at 4.87% in year one, and rental yield is 2.02% on a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 21.65% and total cumulative return in cash sums $139,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
110 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87529, El Prado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,722 (100%) |
| Owner Occupied HU | 2,251 (60.5%) |
| Renter Occupied HU | 726 (19.5%) |
| Vacant Housing Units | 745 (20.0%) |
| Median Home Value | $530,373 |
| Average Home Value | $557,665 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
683
Multi-Family
2
Businesses
91
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Listed by: Jeff Assad • Barker Realty LLC
Mls Name: Enchanted Circle
Mls ID: #113729