338 Gorman AveBelenNM87002
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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 Belen at 338 Gorman Ave, Belen, NM, 87002 earns $432/mo cash flow from $1,835/mo rent with a $1,170/mo payment. Total monthly income totals $1,835/mo, and annual cash flow totals $5,184/yr on $79,229 capital. ROI tracks 26.45% on current figures, and rental yield reads 9.21% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 137.5% and total cumulative return in cash sums $108,936. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,835/mo property income instead of your personal income.
Single Family
Built in 1987
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Tanya M Snow-Lujan • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1095197