249 Spectrum Ave SWRio 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 249 Spectrum Ave SW, Rio Rancho, NM, 87124 earns $223/mo cash flow from $2,520/mo rent with a $1,878/mo payment. Total monthly income totals $2,520/mo, and annual cash flow totals $2,675/yr on $127,177 capital. ROI tracks 22.01% on current figures, and rental yield reads 7.88% at a $383,640 purchase. Equity gained on principal adds $2,476/yr, and 5% annual appreciation supports $105,993 over five years. Five-year ROI reaches 113.84% and total cumulative return in cash sums $144,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,520/mo property income instead of your personal income.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
$45 monthly 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: Wade Messenger • Pulte Homes of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1096366
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.