346 Applewood RdCorralesNM87048
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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
Investment property for sale in Corrales at 346 Applewood Rd, Corrales, NM, 87048 uses $325,042 cash to close to unlock $2,277/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $5,989/mo, and a $4,836/mo payment keeps the spread at $190/mo. Purchase price stands at $987,970, and rental yield measures 7.27% with $5,989/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $272,958 over five years. Five-year ROI reaches 106.95% and total cumulative return in cash records $347,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,989/mo property income covering a $4,836/mo payment rather than investor’s personal income.
Single Family
Built in 1977
2.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Carol Sauder • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1085941