507 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 507 Gerald Chavez Ln NE, Los Lunas, NM, 87031 offers $1,331/mo rent that, after a $881/mo payment, leaves $275/mo cash flow. Total monthly income is $1,331/mo, and annual cash flow is $3,294/yr on $59,670 cash. Return on cash invested measures 25.43% in year one, and rental yield stands at 8.87% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 132.07% and total cumulative return in cash reaches $78,809. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,331/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
2,178 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: Lora Chavez • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1095063