249 Nicklaus Dr SERio 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
Rental property for sale in Rio Rancho at 249 Nicklaus Dr SE, Rio Rancho, NM, 87124 offers $2,552/mo rent that, after a $1,722/mo payment, leaves $487/mo cash flow. Total monthly income is $2,552/mo, and annual cash flow is $5,844/yr on $116,615 cash. Return on cash invested measures 24.92% in year one, and rental yield stands at 8.71% at a $351,780 entry. Equity gained on principal adds $2,270/yr while 5% annual appreciation compounds into $97,190 by year five. Five-year ROI records 129.33% and total cumulative return in cash reaches $150,813. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,552/mo property income versus a $1,722/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
5,662 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: Jonathan P Tenorio • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1094254