36 Penny LnRiberaNM87701
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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
Rental property for sale in Ribera at 36 Penny Ln, Ribera, NM, 87701 generates $1,200/mo in rent, after a $6,167/mo payment. Total monthly income is $1,200/mo. Return on cash invested sits at 2.16% in year one, and rental yield is 1.14% on a $1,260,000 entry. Equity gained on principal adds $8,131/yr, while 5% annual appreciation builds toward $348,115 over five years. Five-year ROI reaches 7.13% and total cumulative return in cash sums $29,097. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87701, Las Vegas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 5,249 (55.2%) |
| Renter Occupied HU | 2,530 (26.6%) |
| Vacant Housing Units | 1,722 (18.1%) |
| Median Home Value | $177,666 |
| Average Home Value | $208,458 |
Housing Distribution
Address Breakdown
Residential
7,507
Single Family
7,488
Multi-Family
19
Businesses
725
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Listed by: Katherine Blagden • Sotheby's Int. RE/Washington
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202501529
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.