3 Manzano DrBelenNM87002
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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 Manzano Dr, Belen, NM, 87002 priced at $646,000 pairs $2,280/mo rent with after a $3,162/mo payment. Total monthly income equals $2,280/mo. Return on cash invested is 11.52% in year one, and rental yield stands at 4.24% on a $646,000 basis. Equity gained on principal adds $4,169/yr, and 5% annual appreciation accumulates to $178,478 by year five. Five-year ROI measures 57.44% and total cumulative return in cash reaches $122,070. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $3,162/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
5 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: Eric E Eichwald • Altura Real Estate
Mls Name: SWMLS
Mls ID: #1095170