510 Park AveRatonNM87740
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
Rental property for sale in Raton at 510 Park Ave, Raton, NM, 87740 offers $762/mo rent that, after a $489/mo payment, leaves $176/mo cash flow. Total monthly income is $762/mo, and annual cash flow is $2,106/yr on $33,150 cash. Return on cash invested measures 26.26% in year one, and rental yield stands at 9.14% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 136.55% and total cumulative return in cash reaches $45,268. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $762/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
2,056 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87740, Raton, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,890 (100%) |
| Owner Occupied HU | 2,235 (57.5%) |
| Renter Occupied HU | 931 (23.9%) |
| Vacant Housing Units | 724 (18.6%) |
| Median Home Value | $157,876 |
| Average Home Value | $210,994 |
Housing Distribution
Address Breakdown
Residential
3,110
Single Family
3,101
Multi-Family
9
Businesses
363
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wesley Seneff • Home Associates, Inc
Mls Name: New Mexico MLS
Mls ID: #20256799