2943 Kings Canyon Loop NERio RanchoNM87144
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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 Rio Rancho at 2943 Kings Canyon Loop NE, Rio Rancho, NM, 87144 offers $3,167/mo rent that, after a $2,442/mo payment. Total monthly income is $3,167/mo. Return on cash invested measures 18.53% in year one, and rental yield stands at 7.62% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 96.18% and total cumulative return in cash reaches $159,102. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,167/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6,098 sqft lot
$N/A/sqft
$525 quarterly HOA
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Listed by: Janie Gilmore-Daniels • Vista Encantada Realtors, LLC
Mls Name: SWMLS
Mls Provider:
Mls ID: #1082156
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.