4015 Abbey RdFarmingtonNM87402
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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 Farmington at 4015 Abbey Rd, Farmington, NM, 87402 priced at $397,000 converts $2,432/mo rent into $102/mo cash flow after a $1,943/mo obligation. Total monthly income equals $2,432/mo, and annual cash flow totals $1,223/yr on $131,606 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 7.35% against a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation compiles into $109,684 by year five. Five-year ROI reaches 107.39% and total cumulative return in cash sums $141,334. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,432/mo property income covering a $1,943/mo payment, not borrower’s personal income.
Single Family
Built in 2005
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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Listed by: Shelbi G Allen • Coldwell Banker Cornerstone
Mls Name: SJCMLS
Mls Provider:
Mls ID: #25-638
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.