32 Forgotten Promise LnPeraltaNM87042
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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 Peralta at 32 Forgotten Promise Ln, Peralta, NM, 87042 offers $1,326/mo rent that, after a $857/mo payment, leaves $298/mo cash flow. Total monthly income is $1,326/mo, and annual cash flow is $3,580/yr on $58,013 cash. Return on cash invested measures 26.08% in year one, and rental yield stands at 9.09% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 135.56% and total cumulative return in cash reaches $78,643. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,326/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2008
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87042, Peralta, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,317 (100%) |
| Owner Occupied HU | 1,067 (81.0%) |
| Renter Occupied HU | 182 (13.8%) |
| Vacant Housing Units | 68 ( 5.2%) |
| Median Home Value | $335,787 |
| Average Home Value | $367,109 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,200
Multi-Family
0
Businesses
143
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Listed by: Mary E Saul • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1094549