3 Cleveland RdEdgewoodNM87015
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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 Edgewood at 3 Cleveland Rd, Edgewood, NM, 87015 offers $5,695/mo rent that, after a $3,181/mo payment, leaves $1,880/mo cash flow. Total monthly income is $5,695/mo, and annual cash flow is $22,564/yr on $213,813 cash. Return on cash invested measures 30.61% in year one, and rental yield stands at 10.52% at a $649,888 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,552 by year five. Five-year ROI records 159.8% and total cumulative return in cash reaches $341,667. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,695/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: Beatriz Hernandez • Bright House Real Estate LLC
Mls Name: SWMLS
Mls ID: #1086294