320 Tarpon Ave SERio RanchoNM87124
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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 Rio Rancho at 320 Tarpon Ave SE, Rio Rancho, NM, 87124 priced at $375,000 pairs $2,688/mo rent with $487/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,688/mo, and annual cash flow comes to $5,848/yr on $124,313 invested. Return on cash invested is 24.61% in year one, and rental yield stands at 8.6% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 127.66% and total cumulative return in cash reaches $158,703. For financing, Ziffy Mortgage’s DSCR program evaluates $2,688/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Stephen M Burke • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1093578