300 4th Ave NERio RanchoNM87124
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
Rental property for sale in Rio Rancho at 300 4th Ave NE, Rio Rancho, NM, 87124 generates $2,072/mo in rent, after a $1,835/mo payment. Total monthly income is $2,072/mo. Return on cash invested sits at 18.67% in year one, and rental yield is 6.63% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 95.79% and total cumulative return in cash sums $119,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,072/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua J Reza • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1096758