323 W Main StBloomfieldNM87413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bloomfield at 323 W Main St, Bloomfield, NM, 87413 priced at $168,000 converts $1,747/mo rent into $761/mo cash flow after a $822/mo obligation. Total monthly income equals $1,747/mo, and annual cash flow totals $9,134/yr on $55,692 invested. Return on cash invested prints 36.31% in year one, and rental yield reads 12.48% against a $168,000 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation compiles into $46,415 by year five. Five-year ROI reaches 190.44% and total cumulative return in cash sums $106,061. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,747/mo property income covering a $822/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87413, Bloomfield, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 3,688 (64.8%) |
| Renter Occupied HU | 1,332 (23.4%) |
| Vacant Housing Units | 672 (11.8%) |
| Median Home Value | $204,293 |
| Average Home Value | $249,393 |
Housing Distribution
Address Breakdown
Residential
4,502
Single Family
4,452
Multi-Family
50
Businesses
296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel K Hallum • CENTURY 21 SoWesCo Realty
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-446
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.