3400 Colgate AveFarmingtonNM87402
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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 Farmington at 3400 Colgate Ave, Farmington, NM, 87402 with 5% annual appreciation on a $213,700 basis while $2,146/mo rent supports operations. Total monthly income totals $2,146/mo and a $1,046/mo payment preserves $892/mo for cash returns. Annual cash flow comes to $10,700/yr on $70,842 deployed, and return on cash invested reaches 35.01% in year one. Equity gained on principal adds $1,379/yr, and five-year appreciation sums $59,041 alongside rental yield of 12.05%. Five-year ROI measures 183.44% and total cumulative return in cash totals $129,949.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,146/mo property income versus a $1,046/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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