508 San Juan De Rio Dr SERio RanchoNM87124
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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 Rio Rancho at 508 San Juan De Rio Dr SE, Rio Rancho, NM, 87124 priced at $300,000 converts $2,263/mo rent into $503/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,263/mo, and annual cash flow totals $6,030/yr on $99,450 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 9.05% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 134.95% and total cumulative return in cash sums $134,208. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,263/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Amanda E Gonzales • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1084695