29 Hogan Ct NESandia ParkNM87047
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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 Sandia Park at 29 Hogan Ct NE, Sandia Park, NM, 87047 priced at $829,000 converts $0/mo rent into after a $4,058/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.35% in year one, and rental yield reads 0% against a $829,000 entry. Equity gained on principal adds $5,349/yr, while 5% annual appreciation compiles into $229,037 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $4,058/mo payment, not borrower’s personal income.
Single Family
Built in 2010
0.50 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87047, Sandia Park, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,690 (100%) |
| Owner Occupied HU | 2,208 (82.1%) |
| Renter Occupied HU | 193 ( 7.2%) |
| Vacant Housing Units | 289 (10.7%) |
| Median Home Value | $460,325 |
| Average Home Value | $531,024 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,285
Multi-Family
0
Businesses
87
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No similar rental properties found nearby.
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Listed by: Tanya M Snow-Lujan • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1088577