502 W Animas StFarmingtonNM87401
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 Farmington at 502 W Animas St, Farmington, NM, 87401 at $189,900 posts ROI 34.89% with $786/mo cash flow from $1,900/mo rent. Total monthly income equals $1,900/mo, and annual cash flow records $9,430/yr on $62,952 to close. Return on cash invested measures 34.89% and rental yield reads 12.01% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 182.74% and total cumulative return in cash totals $115,037.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,900/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: Elizabeth M Tafoya • RE/MAX of Farmington
Mls Name: SJCMLS
Mls ID: #25-727