3871 Corrales RdRio RanchoNM87048
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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
Rental property for sale in Rio Rancho at 3871 Corrales Rd, Rio Rancho, NM, 87048 generates $3,908/mo in rent, after a $6,211/mo payment. Total monthly income is $3,908/mo. Return on cash invested sits at 10.04% in year one, and rental yield is 3.7% on a $1,269,000 entry. Equity gained on principal adds $8,189/yr, while 5% annual appreciation builds toward $350,601 over five years. Five-year ROI reaches 49.38% and total cumulative return in cash sums $203,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,908/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
2 Acres 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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Listed by: Andrew Donald Mathis • Weichert, Realtors Image
Mls Name: SWMLS
Mls ID: #1092606