3611 Calle De La AlegriaSanta FeNM87507
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Santa Fe at 3611 Calle De La Alegria, Santa Fe, NM, 87507 offers $4,306/mo rent that, after a $3,255/mo payment, leaves $361/mo cash flow. Total monthly income is $4,306/mo, and annual cash flow is $4,332/yr on $218,782 cash. Return on cash invested measures 22.04% in year one, and rental yield stands at 7.77% at a $664,990 entry. Equity gained on principal adds $4,291/yr while 5% annual appreciation compounds into $183,724 by year five. Five-year ROI records 113.89% and total cumulative return in cash reaches $249,172. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,306/mo property income versus a $3,255/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$125 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87507, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,535 (100%) |
| Owner Occupied HU | 14,164 (60.2%) |
| Renter Occupied HU | 7,662 (32.6%) |
| Vacant Housing Units | 1,709 ( 7.3%) |
| Median Home Value | $401,100 |
| Average Home Value | $484,457 |
Housing Distribution
Address Breakdown
Residential
21,026
Single Family
17,810
Multi-Family
3,216
Businesses
1,556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alan Lucio • D.R. Horton
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202402554
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.