382 Hondo Seco RdEl PradoNM87529
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 El Prado at 382 Hondo Seco Rd, El Prado, NM, 87529 priced at $429,000 converts $3,106/mo rent into $588/mo cash flow after a $2,100/mo obligation. Total monthly income equals $3,106/mo, and annual cash flow totals $7,053/yr on $142,214 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 8.69% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 129.02% and total cumulative return in cash sums $183,481. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,106/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 1986
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87529, El Prado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,722 (100%) |
| Owner Occupied HU | 2,251 (60.5%) |
| Renter Occupied HU | 726 (19.5%) |
| Vacant Housing Units | 745 (20.0%) |
| Median Home Value | $530,373 |
| Average Home Value | $557,665 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
683
Multi-Family
2
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Miera • Jennifer Michelle Realty LLC
Mls Name: Enchanted Circle
Mls ID: #113686