280 Angel RdCorralesNM87048
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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 Corrales at 280 Angel Rd, Corrales, NM, 87048 priced at $975,000 pairs $4,243/mo rent with after a $4,772/mo payment. Total monthly income equals $4,243/mo. Return on cash invested is 14.53% in year one, and rental yield stands at 5.22% on a $975,000 basis. Equity gained on principal adds $6,292/yr, and 5% annual appreciation accumulates to $269,375 by year five. Five-year ROI measures 73.52% and total cumulative return in cash reaches $235,827. For financing, Ziffy Mortgage’s DSCR program evaluates $4,243/mo property income against a $4,772/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Joseph Garcia • Primetime Realty Inc
Mls Name: SWMLS
Mls ID: #1096323