2829 State Highway 14 NMadridNM87010
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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 Madrid at 2829 State Highway 14 N, Madrid, NM, 87010 earns from $1,800/mo rent with a $1,855/mo payment. Total monthly income totals $1,800/mo. ROI tracks 15.85% on current figures, and rental yield reads 5.7% at a $379,000 purchase. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,711 over five years. Five-year ROI reaches 80.7% and total cumulative return in cash sums $101,387. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Single Family
Built in 1967
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87010, Cerrillos, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 809 (100%) |
| Owner Occupied HU | 526 (65.0%) |
| Renter Occupied HU | 154 (19.0%) |
| Vacant Housing Units | 129 (15.9%) |
| Median Home Value | $477,193 |
| Average Home Value | $552,776 |
Housing Distribution
Address Breakdown
Residential
334
Single Family
334
Multi-Family
0
Businesses
66
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Listed by: Melissa Pippin-Carson • Sotheby's Int. RE/Washington
Mls Name: SFARMLS
Mls ID: #202504762