2602 Highland PlFarmingtonNM87401
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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 Farmington at 2602 Highland Pl, Farmington, NM, 87401 earns $273/mo cash flow from $1,916/mo rent with a $1,370/mo payment. Total monthly income totals $1,916/mo, and annual cash flow totals $3,276/yr on $92,820 capital. ROI tracks 23.44% on current figures, and rental yield reads 8.21% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 121.33% and total cumulative return in cash sums $112,617. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,916/mo property income instead of your personal income.
Single Family
Built in 1955
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: Stephanie Hoyt • Waypoint Noven LLC
Mls Name: SJCMLS
Mls ID: #25-952