293 Dennis Dr NELos LunasNM87031
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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 Los Lunas at 293 Dennis Dr NE, Los Lunas, NM, 87031 uses $119,340 cash to close to unlock $7,044/yr annual cash flow and $587/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,762/mo payment keeps the spread at $587/mo. Purchase price stands at $360,000, and rental yield measures 9% with $2,700/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 134.07% and total cumulative return in cash records $159,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2007
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87031, Los Lunas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,866 (100%) |
| Owner Occupied HU | 13,557 (75.9%) |
| Renter Occupied HU | 3,091 (17.3%) |
| Vacant Housing Units | 1,218 ( 6.8%) |
| Median Home Value | $249,395 |
| Average Home Value | $271,565 |
Housing Distribution
Address Breakdown
Residential
16,830
Single Family
16,569
Multi-Family
261
Businesses
796
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Listed by: David Danemann • Great Dane Realty
Mls Name: SWMLS
Mls ID: #1095885