3 Quiet LnCorralesNM87048
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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
Investment property for sale in Corrales at 3 Quiet Ln, Corrales, NM, 87048 offers a 9.12% rental yield on a $617,352 purchase with $4,694/mo rent. Total monthly income registers $4,694/mo, and a $3,022/mo payment leaves $864/mo available for distribution. Annual cash flow reaches $10,372/yr on $203,109 to close, and return on cash invested stands at 25.17% in year one. Equity gained on principal adds $3,984/yr while 5% annual appreciation supports $170,563 over five years. Portfolio math shows five-year ROI at 131.03% and total cumulative return in cash at $266,124. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,694/mo property income against a $3,022/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A