308 Horizon Vista BlvdBelenNM87002
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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 Belen at 308 Horizon Vista Blvd, Belen, NM, 87002 uses $67,958 cash to close to unlock $6,565/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,750/mo, and a $1,003/mo payment keeps the spread at $547/mo. Purchase price stands at $205,000, and rental yield measures 10.24% with $1,750/mo rent. Return on cash invested shows 29.57% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 154.29% and total cumulative return in cash records $104,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,750/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Loedesta S Silva • Realty One of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1077788
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.