5005 Harmony DrFarmingtonNM87402
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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
Investment property for sale in Farmington at 5005 Harmony Dr, Farmington, NM, 87402 uses $116,025 cash to close to unlock $5,757/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $2,534/mo, and a $1,713/mo payment keeps the spread at $480/mo. Purchase price stands at $350,000, and rental yield measures 8.69% with $2,534/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 129.03% and total cumulative return in cash records $149,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,534/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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Listed by: Elizabeth A McGinness-DiGiacomo • R1 New Mexico Farmington
Mls Name: SJCMLS
Mls ID: #26-22