404 Alcano Cir NERio RanchoNM87124
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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 Rio Rancho at 404 Alcano Cir NE, Rio Rancho, NM, 87124 with 5% annual appreciation on a $600,000 basis while $3,294/mo rent supports operations. 67% in year one. Equity gained on principal adds $3,872/yr, and five-year appreciation sums $165,769 alongside rental yield of 6.59%. Five-year ROI measures 95.76% and total cumulative return in cash totals $189,024. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,294/mo property income versus a $2,937/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
1 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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Listed by: Margaret L Henderson • Momentum Real Estate Group
Mls Name: SWMLS
Mls ID: #1086751