3785 Corrales RdCorralesNM87048
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 Corrales at 3785 Corrales Rd, Corrales, NM, 87048 offers $4,277/mo rent that, after a $7,439/mo payment. Total monthly income is $4,277/mo. Return on cash invested measures 8.76% in year one, and rental yield stands at 3.38% at a $1,519,900 entry. Equity gained on principal adds $9,808/yr while 5% annual appreciation compounds into $419,920 by year five. Five-year ROI records 42.66% and total cumulative return in cash reaches $210,079. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,277/mo property income versus a $7,439/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A