360 Reclining Acres RdCorralesNM87048
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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 Corrales at 360 Reclining Acres Rd, Corrales, NM, 87048 offers $2,730/mo rent that, after a $2,129/mo payment, leaves $177/mo cash flow. Total monthly income is $2,730/mo, and annual cash flow is $2,122/yr on $144,203 cash. Return on cash invested measures 21.38% in year one, and rental yield stands at 7.53% at a $435,000 entry. Equity gained on principal adds $2,807/yr while 5% annual appreciation compounds into $120,182 by year five. Five-year ROI records 110.31% and total cumulative return in cash reaches $159,072. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,730/mo property income versus a $2,129/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
1 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: Stephanie L Granfors • Granfors Realty,LLC
Mls Name: SWMLS
Mls ID: #1089323