510 S 13th StBelenNM87002
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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 Belen at 510 S 13th St, Belen, NM, 87002 uses $49,394 cash to close to unlock $2,351/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,177/mo, and a $729/mo payment keeps the spread at $196/mo. Purchase price stands at $149,000, and rental yield measures 9.48% with $1,177/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash records $63,664. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,177/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: NOT APPLICABLE • N/A
Mls Name: Hubzu
Mls ID: #91716528115AUCN94