3540 High Plains St SWLos LunasNM87031
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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 Los Lunas at 3540 High Plains St SW, Los Lunas, NM, 87031 listed at $188,000 pairs $2,412/mo rent with a $920/mo payment to leave $1,309/mo cash flow. Total monthly income runs $2,412/mo, and annual cash flow reaches $15,704/yr on $62,322 cash to close. Return on cash invested measures 45.11% in year one, and rental yield registers 15.4% at a $188,000 basis. Equity gained on principal adds $1,213/yr, and annual property appreciation at 5% supports $51,941 by year five. Five-year ROI tracks 237.56% and total cumulative return in cash totals $148,052. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,412/mo property income relative to a $920/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87031, Los Lunas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,866 (100%) |
| Owner Occupied HU | 13,557 (75.9%) |
| Renter Occupied HU | 3,091 (17.3%) |
| Vacant Housing Units | 1,218 ( 6.8%) |
| Median Home Value | $249,395 |
| Average Home Value | $271,565 |
Housing Distribution
Address Breakdown
Residential
16,830
Single Family
16,569
Multi-Family
261
Businesses
796
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Listed by: Alonzo Baldonado • Re/Max Gallery
Mls Name: SWMLS
Mls ID: #1088568