3110 Thoreau Meadows Dr NERio RanchoNM87144
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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 Rio Rancho at 3110 Thoreau Meadows Dr NE, Rio Rancho, NM, 87144 uses $96,964 cash to close to unlock $6,958/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $2,353/mo, and a $1,432/mo payment keeps the spread at $580/mo. Purchase price stands at $292,500, and rental yield measures 9.65% with $2,353/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $80,812 over five years. Five-year ROI reaches 141.15% and total cumulative return in cash records $136,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,353/mo property income covering a $1,432/mo payment rather than investor’s personal income.
Single Family
Built in 1997
5,227 sqft lot
$N/A/sqft
$56 monthly HOA
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Listed by: Kurstin Johnson • Vista Encantada Realtors, LLC
Mls Name: SWMLS
Mls Provider:
Mls ID: #1081579
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.