497 Gerald Chavez Ln NELos LunasNM87031
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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
Investment Highlights
Rental property for sale in Los Lunas at 497 Gerald Chavez Ln NE, Los Lunas, NM, 87031 priced at $140,000 pairs $1,122/mo rent with $301/mo cash flow after a $685/mo payment. Total monthly income equals $1,122/mo, and annual cash flow comes to $3,606/yr on $46,410 invested. Return on cash invested is 27.68% in year one, and rental yield stands at 9.62% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 144.15% and total cumulative return in cash reaches $66,898. For financing, Ziffy Mortgage’s DSCR program evaluates $1,122/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87031, Los Lunas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,866 (100%) |
| Owner Occupied HU | 13,557 (75.9%) |
| Renter Occupied HU | 3,091 (17.3%) |
| Vacant Housing Units | 1,218 ( 6.8%) |
| Median Home Value | $249,395 |
| Average Home Value | $271,565 |
Housing Distribution
Address Breakdown
Residential
16,830
Single Family
16,569
Multi-Family
261
Businesses
796
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Listed by: Clarissa Chavez-Rivera • Gerald Chavez Realty Inc
Mls Name: SWMLS
Mls ID: #1097560