3239 Spencer 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 3239 Spencer Dr, Farmington, NM, 87401 generates $1,210/mo in rent and, after a $905/mo payment, leaves $125/mo in cash flow. Total monthly income is $1,210/mo, and annual cash flow is $1,496/yr on $61,328 invested. Return on cash invested sits at 22.35% in year one, and rental yield is 7.85% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 115.53% and total cumulative return in cash sums $70,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,210/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
9,321 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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Listed by: Shannon M Martin-Martinez • RE/MAX of Farmington
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-824
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.