354 W Ella Dr NWCorralesNM87048
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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 Corrales at 354 W Ella Dr NW, Corrales, NM, 87048 with 5% annual appreciation on a $650,000 basis while $3,828/mo rent supports operations. Total monthly income totals $3,828/mo and a $3,181/mo payment preserves $13/mo for cash returns. Annual cash flow comes to $159/yr on $213,850 deployed, and return on cash invested reaches 20.13% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 7.07%. Five-year ROI measures 103.61% and total cumulative return in cash totals $221,570.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,828/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
0.82 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: Miriam Anderson • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1091269