485 Katrina RdCoronaNM88318
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
Investment property for sale in Corona at 485 Katrina Rd, Corona, NM, 88318 offers a 9.21% rental yield on a $314,598 purchase with $2,414/mo rent. Total monthly income registers $2,414/mo, and a $1,540/mo payment leaves $557/mo available for distribution. Annual cash flow reaches $6,687/yr on $104,289 to close, and return on cash invested stands at 26.32% in year one. Equity gained on principal adds $2,030/yr while 5% annual appreciation supports $86,918 over five years. Portfolio math shows five-year ROI at 136.87% and total cumulative return in cash at $142,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,414/mo property income against a $1,540/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
40 Acres lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88318, Corona, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 218 (100%) |
| Owner Occupied HU | 114 (52.3%) |
| Renter Occupied HU | 23 (10.6%) |
| Vacant Housing Units | 81 (37.2%) |
| Median Home Value | $275,000 |
| Average Home Value | $451,294 |
Housing Distribution
Address Breakdown
Residential
8
Single Family
8
Multi-Family
0
Businesses
21
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Nearby investment properties with comparable prices
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