41 Wild Iris RdGrantsNM87020
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
Rental property for sale in Grants at 41 Wild Iris Rd, Grants, NM, 87020 priced at $1,296,750 converts $1,874/mo rent into after a $6,347/mo obligation. Total monthly income equals $1,874/mo. Return on cash invested prints 3.98% in year one, and rental yield reads 1.73% against a $1,296,750 entry. Equity gained on principal adds $8,368/yr, while 5% annual appreciation compiles into $358,268 by year five. Five-year ROI reaches 16.91% and total cumulative return in cash sums $71,055. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,874/mo property income covering a $6,347/mo payment, not borrower’s personal income.
Single Family
Built in N/A
40.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87020, Grants, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,822 (100%) |
| Owner Occupied HU | 3,469 (59.6%) |
| Renter Occupied HU | 1,457 (25.0%) |
| Vacant Housing Units | 896 (15.4%) |
| Median Home Value | $155,856 |
| Average Home Value | $195,601 |
Housing Distribution
Address Breakdown
Residential
3,697
Single Family
3,474
Multi-Family
223
Businesses
428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Espinoza • Hayden Outdoors Real Estate
Mls Name: My State MLS
Mls ID: #11339978