28 Road 1490La PlataNM87418
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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 La Plata at 28 Road 1490, La Plata, NM, 87418 uses $149,175 cash to close to unlock $3,423/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $2,927/mo, and a $2,203/mo payment keeps the spread at $285/mo. Purchase price stands at $449,999, and rental yield measures 7.81% with $2,927/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $124,326 over five years. Five-year ROI reaches 114.74% and total cumulative return in cash records $171,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,927/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1997
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87418, La Plata, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 284 (79.6%) |
| Renter Occupied HU | 52 (14.6%) |
| Vacant Housing Units | 21 ( 5.9%) |
| Median Home Value | $259,722 |
| Average Home Value | $278,134 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
20
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Listed by: Tianna King • San Juan Realty
Mls Name: SJCMLS
Mls ID: #25-1017