3 Gavilan RdSanta FeNM87508
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 3 Gavilan Rd, Santa Fe, NM, 87508 in Santa Fe worth modelling. At $479,999 with a 7.48% gross yield, the $2,992/mo rent leaves $123/mo after the $2,158/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.39 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $132,615 by year five; $4,421/yr in principal reduction adds further equity. Total projected return: $189,587.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 4.2% |
| Monthly Cash Flow | $123 | $2,100 |
City averages based on Santa Fe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,992 |
| Total Monthly Debt Service | $2,677 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1987
1.24 Acres lot
$N/A/sqft
$610 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87508, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,135 (100%) |
| Owner Occupied HU | 7,361 (80.6%) |
| Renter Occupied HU | 1,153 (12.6%) |
| Vacant Housing Units | 621 ( 6.8%) |
| Median Home Value | $610,899 |
| Average Home Value | $678,724 |
Housing Distribution
Address Breakdown
Residential
8,472
Single Family
8,472
Multi-Family
0
Businesses
303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1987
1.24 Acres lot
$N/A/sqft
$610 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87508, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,135 (100%) |
| Owner Occupied HU | 7,361 (80.6%) |
| Renter Occupied HU | 1,153 (12.6%) |
| Vacant Housing Units | 621 ( 6.8%) |
| Median Home Value | $610,899 |
| Average Home Value | $678,724 |
Housing Distribution
Address Breakdown
Residential
8,472
Single Family
8,472
Multi-Family
0
Businesses
303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Candice Jager • Candice & Company
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202402934
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.