3 Olive Terrace 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 Olive Terrace Dr, Belen, NM, 87002 priced at $399,000 converts $2,202/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,202/mo. Return on cash invested prints 18.64% in year one, and rental yield reads 6.62% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 95.6% and total cumulative return in cash sums $126,446. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1984
1.71 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: The Bader RE Team • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1091974