3103 N Aspen DrFarmingtonNM87401
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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 Farmington at 3103 N Aspen Dr, Farmington, NM, 87401 generates $1,976/mo in rent and, after a $1,611/mo payment, leaves $44/mo in cash flow. Total monthly income is $1,976/mo, and annual cash flow is $528/yr on $109,130 invested. Return on cash invested sits at 20.39% in year one, and rental yield is 7.2% on a $329,200 entry. Equity gained on principal adds $2,124/yr, while 5% annual appreciation builds toward $90,952 over five years. Five-year ROI reaches 105.07% and total cumulative return in cash sums $114,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,976/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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