408 Santiago Cir, Alto, NM, 88312 | 5.16% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Alto at 408 Santiago Cir, Alto, NM, 88312 priced at $692,000 converts $2,977/mo rent into after a $3,387/mo obligation. Total monthly income equals $2,977/mo. Return on cash invested prints 14.34% in year one, and rental yield reads 5.16% against a $692,000 entry. Equity gained on principal adds $4,465/yr, while 5% annual appreciation compiles into $191,187 by year five. Five-year ROI reaches 72.55% and total cumulative return in cash sums $165,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,977/mo property income covering a $3,387/mo payment, not borrower’s personal income.

Single Family

Built in 2022

5.36 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 88312, Alto, NM area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,990 (100%)
Owner Occupied HU	1,147 (38.4%)
Renter Occupied HU	107 ( 3.6%)
Vacant Housing Units	1,736 (58.1%)
Median Home Value	$477,848
Average Home Value	$603,330