3017 Tulane AveFarmingtonNM87402
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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 3017 Tulane Ave, Farmington, NM, 87402 with 5% annual appreciation on a $225,000 basis while $1,934/mo rent supports operations. Total monthly income totals $1,934/mo and a $1,101/mo payment preserves $614/mo for cash returns. Annual cash flow comes to $7,363/yr on $74,588 deployed, and return on cash invested reaches 29.78% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 10.31%. Five-year ROI measures 155.38% and total cumulative return in cash totals $115,893.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,934/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
9,713 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: Stacy A Ross • EXIT Realty Home & Ranch
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-458
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.