401 8th St NERio RanchoNM87124
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
Investment property for sale in Rio Rancho at 401 8th St NE, Rio Rancho, NM, 87124 at $563,700 posts ROI 23.06% with $463/mo cash flow from $3,847/mo rent. Total monthly income equals $3,847/mo, and annual cash flow records $5,559/yr on $185,457 to close. Return on cash invested measures 23.06% and rental yield reads 8.19% at the current $563,700. Equity gained on principal adds $3,637/yr, and 5% annual appreciation supports $155,740 by year five. Five-year ROI prints 119.47% and total cumulative return in cash totals $221,559.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,847/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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