43 Morning StarEdgewoodNM87015
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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 Edgewood at 43 Morning Star, Edgewood, NM, 87015 offers a 8.48% rental yield on a $309,000 purchase with $2,184/mo rent. Total monthly income registers $2,184/mo, and a $1,512/mo payment leaves $371/mo available for distribution. Annual cash flow reaches $4,449/yr on $102,434 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $1,994/yr while 5% annual appreciation supports $85,371 over five years. Portfolio math shows five-year ROI at 125.71% and total cumulative return in cash at $128,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,184/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2009
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: Remington Properties LLC • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1095114