3002 Edgecliff DrFarmingtonNM87402
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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 Farmington at 3002 Edgecliff Dr, Farmington, NM, 87402 uses $77,405 cash to close to unlock $7,912/yr annual cash flow and $659/mo monthly cash flow. Total monthly income runs $2,030/mo, and a $1,143/mo payment keeps the spread at $659/mo. Purchase price stands at $233,500, and rental yield measures 10.43% with $2,030/mo rent. Return on cash invested shows 30.13% in year one, and 5% annual appreciation builds toward $64,512 over five years. Five-year ROI reaches 157.28% and total cumulative return in cash records $121,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,030/mo property income covering a $1,143/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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Listed by: Jared Blake • R1 New Mexico Farmington
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-479
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.