245 Landing Trl 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 245 Landing Trl NE, Rio Rancho, NM, 87124 uses $120,998 cash to close to unlock $3,338/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $2,420/mo, and a $1,786/mo payment keeps the spread at $278/mo. Purchase price stands at $365,000, and rental yield measures 7.96% with $2,420/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 117.24% and total cumulative return in cash records $141,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,420/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 2014
10,018 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: F. Julian Morales • Real Estate Brokers of NM
Mls Name: SWMLS
Mls ID: #1094119