29 Road 5198BloomfieldNM87413
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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 Bloomfield at 29 Road 5198, Bloomfield, NM, 87413 offers a 7.67% rental yield on a $395,000 purchase with $2,525/mo rent. Total monthly income registers $2,525/mo, and a $1,933/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,483/yr on $130,943 to close, and return on cash invested stands at 21.8% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 112.58% and total cumulative return in cash at $147,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,525/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87413, Bloomfield, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 3,688 (64.8%) |
| Renter Occupied HU | 1,332 (23.4%) |
| Vacant Housing Units | 672 (11.8%) |
| Median Home Value | $204,293 |
| Average Home Value | $249,393 |
Housing Distribution
Address Breakdown
Residential
4,502
Single Family
4,452
Multi-Family
50
Businesses
296
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Listed by: Benjamin P Lyons • RE/MAX of Farmington
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-1165
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.