38 Ojito Dr #BEspanolaNM87532
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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 Espanola at 38 Ojito Dr #B, Espanola, NM, 87532 offers a 7.06% rental yield on a $509,900 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $2,496/mo payment leaves $7/mo available for distribution. Annual cash flow reaches $82/yr on $167,757 to close, and return on cash invested stands at 20.11% in year one. Equity gained on principal adds $3,290/yr while 5% annual appreciation supports $140,876 over five years. Portfolio math shows five-year ROI at 103.46% and total cumulative return in cash at $173,564. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87532, Espanola, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,733 (100%) |
| Owner Occupied HU | 5,775 (66.1%) |
| Renter Occupied HU | 2,181 (25.0%) |
| Vacant Housing Units | 777 ( 8.9%) |
| Median Home Value | $277,277 |
| Average Home Value | $313,276 |
Housing Distribution
Address Breakdown
Residential
4,070
Single Family
3,956
Multi-Family
114
Businesses
449
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Listed by: Natalie Rivera Benavent • Barker Realty, LLC
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202502777
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.