3 Haddox LnBelenNM87002
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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 Belen at 3 Haddox Ln, Belen, NM, 87002 priced at $149,900 converts $1,397/mo rent into $517/mo cash flow after a $734/mo obligation. Total monthly income equals $1,397/mo, and annual cash flow totals $6,202/yr on $49,692 invested. Return on cash invested prints 32.39% in year one, and rental yield reads 11.18% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 169.38% and total cumulative return in cash sums $84,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,397/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 1978
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Zulema Mendoza • N & D Realty & Property Mgmt
Mls Name: SWMLS
Mls ID: #1089525