3011 Southern Blvd SE #1-RIORio RanchoNM87124
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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 Rio Rancho at 3011 Southern Blvd SE #1-RIO, Rio Rancho, NM, 87124 uses $91,925 cash to close to unlock $5,375/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,201/mo, and a $1,357/mo payment keeps the spread at $448/mo. Purchase price stands at $277,300, and rental yield measures 9.52% with $2,201/mo rent. Return on cash invested shows 25.76% in year one, and 5% annual appreciation builds toward $76,613 over five years. Five-year ROI reaches 134.37% and total cumulative return in cash records $123,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,201/mo property income covering a $1,357/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.37 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
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Listed by: N/A • N/A
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