43 Upper Las Colonias RdEl PradoNM87529
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 El Prado at 43 Upper Las Colonias Rd, El Prado, NM, 87529 priced at $299,000 converts $2,155/mo rent into $400/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,155/mo, and annual cash flow totals $4,806/yr on $99,119 invested. Return on cash invested prints 24.76% in year one, and rental yield reads 8.65% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 128.43% and total cumulative return in cash sums $127,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87529, El Prado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,722 (100%) |
| Owner Occupied HU | 2,251 (60.5%) |
| Renter Occupied HU | 726 (19.5%) |
| Vacant Housing Units | 745 (20.0%) |
| Median Home Value | $530,373 |
| Average Home Value | $557,665 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
683
Multi-Family
2
Businesses
91
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Nearby investment properties with comparable prices
Listed by: Robban Reynolds • Berkshire Hathaway HomeServices Taos Real Estate
Mls Name: Enchanted Circle
Mls ID: #114148