39 Horace Ridge RdGrantsNM87020
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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 Grants at 39 Horace Ridge Rd, Grants, NM, 87020 offers a 3.11% rental yield on a $345,000 purchase with $894/mo rent. 04% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 38.77% and total cumulative return in cash at $44,344. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $894/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87020, Grants, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,822 (100%) |
| Owner Occupied HU | 3,469 (59.6%) |
| Renter Occupied HU | 1,457 (25.0%) |
| Vacant Housing Units | 896 (15.4%) |
| Median Home Value | $155,856 |
| Average Home Value | $195,601 |
Housing Distribution
Address Breakdown
Residential
3,697
Single Family
3,474
Multi-Family
223
Businesses
428
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Listed by: Heather Porter • Re/Max Elegance
Mls Name: New Mexico MLS
Mls ID: #20255903