402 Perizzite AveBelenNM87002
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 Belen at 402 Perizzite Ave, Belen, NM, 87002 with 5% annual appreciation on a $160,000 basis while $1,536/mo rent supports operations. Total monthly income totals $1,536/mo and a $783/mo payment preserves $597/mo for cash returns. Annual cash flow comes to $7,164/yr on $53,040 deployed, and return on cash invested reaches 33.42% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,205 alongside rental yield of 11.52%. Five-year ROI measures 174.84% and total cumulative return in cash totals $92,738.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,536/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: K2 Omni Group • EXP Realty, LLC
Mls Name: SWMLS
Mls ID: #1096695