3 Oak CirLos LunasNM87031
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
Investment Highlights
Investment property for sale in Los Lunas at 3 Oak Cir, Los Lunas, NM, 87031 listed at $195,000 pairs $1,878/mo rent with a $954/mo payment to leave $734/mo cash flow. Total monthly income runs $1,878/mo, and annual cash flow reaches $8,806/yr on $64,643 cash to close. Return on cash invested measures 33.53% in year one, and rental yield registers 11.56% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 175.48% and total cumulative return in cash totals $113,434. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,878/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2004
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87031, Los Lunas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,866 (100%) |
| Owner Occupied HU | 13,557 (75.9%) |
| Renter Occupied HU | 3,091 (17.3%) |
| Vacant Housing Units | 1,218 ( 6.8%) |
| Median Home Value | $249,395 |
| Average Home Value | $271,565 |
Housing Distribution
Address Breakdown
Residential
16,830
Single Family
16,569
Multi-Family
261
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer L Eylicio • Realty One of New Mexico, LLC
Mls Name: SWMLS
Mls ID: #1088386