308 La PromesaBernalilloNM87004
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 308 La Promesa, Bernalillo, NM, 87004 generates $1,602/mo in rent and, after a $1,268/mo payment, leaves $81/mo in cash flow. Total monthly income is $1,602/mo, and annual cash flow is $978/yr on $85,859 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 7.42% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 108.55% and total cumulative return in cash sums $93,196. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,602/mo property income rather than buyer’s personal income.
Manufactured
Built in 2019
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Iris Miramontes Garcia • Coldwell Banker Legacy
Mls Name: SWMLS
Mls Provider:
Mls ID: #1089847
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.