304 Calle EvangelineBernalilloNM87004
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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
Rental property for sale in Bernalillo at 304 Calle Evangeline, Bernalillo, NM, 87004 priced at $395,000 converts $2,323/mo rent into $5/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,323/mo, and annual cash flow totals $59/yr on $130,943 invested. Return on cash invested prints 19.95% in year one, and rental yield reads 7.06% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 102.65% and total cumulative return in cash sums $134,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,323/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 2007
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87004, Bernalillo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,905 (100%) |
| Owner Occupied HU | 3,638 (74.2%) |
| Renter Occupied HU | 916 (18.7%) |
| Vacant Housing Units | 351 ( 7.2%) |
| Median Home Value | $346,070 |
| Average Home Value | $345,258 |
Housing Distribution
Address Breakdown
Residential
3,902
Single Family
3,866
Multi-Family
36
Businesses
383
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Listed by: Mark Omlor • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1091592