3410 Monterey CirFarmingtonNM87401
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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 3410 Monterey Cir, Farmington, NM, 87401 uses $84,533 cash to close to unlock $7,960/yr annual cash flow and $663/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,248/mo payment keeps the spread at $663/mo. Purchase price stands at $255,000, and rental yield measures 10.16% with $2,160/mo rent. Return on cash invested shows 29.33% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 152.97% and total cumulative return in cash records $129,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
4,791 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: Manuel Jacob Armijo • Real Broker, LLC
Mls Name: SJCMLS
Mls ID: #25-1001