248-4 Highway 150 #104El PradoNM87529
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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 El Prado at 248-4 Highway 150 #104, El Prado, NM, 87529 uses $148,844 cash to close to unlock $8,691/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $3,360/mo, and a $2,198/mo payment keeps the spread at $724/mo. Purchase price stands at $449,000, and rental yield measures 8.98% with $3,360/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 133.75% and total cumulative return in cash records $199,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
2,178 sqft 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: Cyndi Gonzalez • Berkshire Hathaway Home Services Taos Real Estate 2
Mls Name: Enchanted Circle
Mls ID: #114354