309 Dream SpiritSanta TeresaNM88008
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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 Santa Teresa at 309 Dream Spirit, Santa Teresa, NM, 88008 offers $2,827/mo rent that, after a $2,178/mo payment, leaves $197/mo cash flow. Total monthly income is $2,827/mo, and annual cash flow is $2,359/yr on $147,518 cash. Return on cash invested measures 21.51% in year one, and rental yield stands at 7.62% at a $445,000 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 111.05% and total cumulative return in cash reaches $163,820. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,827/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88008, Santa Teresa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,131 (100%) |
| Owner Occupied HU | 3,152 (76.3%) |
| Renter Occupied HU | 806 (19.5%) |
| Vacant Housing Units | 173 ( 4.2%) |
| Median Home Value | $245,600 |
| Average Home Value | $290,603 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,421
Multi-Family
319
Businesses
253
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Listed by: Sylvia Davidson • Sandy Messer & Associates
Mls Name: SNMMLS
Mls ID: #2500709
Disclaimer: The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.