357A Road 1191La PlataNM87418
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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 La Plata at 357A Road 1191, La Plata, NM, 87418 listed at $224,900 pairs $0/mo rent with a $1,101/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.34% in year one, and rental yield registers 0% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2000
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87418, La Plata, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 284 (79.6%) |
| Renter Occupied HU | 52 (14.6%) |
| Vacant Housing Units | 21 ( 5.9%) |
| Median Home Value | $259,722 |
| Average Home Value | $278,134 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
20
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No similar rental properties found nearby.
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Listed by: Darin W Cahoon • RE/MAX of Farmington
Mls Name: SJCMLS
Mls ID: #25-1044