3631 Majesta StFarmingtonNM87402
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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 Farmington at 3631 Majesta St, Farmington, NM, 87402 offers a 8.77% rental yield on a $395,000 purchase with $2,886/mo rent. Total monthly income registers $2,886/mo, and a $1,933/mo payment leaves $568/mo available for distribution. Annual cash flow reaches $6,815/yr on $130,943 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 130.33% and total cumulative return in cash at $170,658. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,886/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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Listed by: Tracey L Allen • Coldwell Banker Cornerstone
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-835
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.