2901 Knudsen AveFarmingtonNM87401
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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 Farmington at 2901 Knudsen Ave, Farmington, NM, 87401 priced at $499,000 converts $2,987/mo rent into $58/mo cash flow after a $2,442/mo obligation. Total monthly income equals $2,987/mo, and annual cash flow totals $702/yr on $165,419 invested. Return on cash invested prints 20.33% in year one, and rental yield reads 7.18% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 104.71% and total cumulative return in cash sums $173,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,987/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: Amanda K Padilla • Real Estate PROS
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-501
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.