515 Haystack PlMilanNM87021
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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 Milan at 515 Haystack Pl, Milan, NM, 87021 generates $2,262/mo in rent and, after a $1,811/mo payment, leaves $90/mo in cash flow. Total monthly income is $2,262/mo, and annual cash flow is $1,083/yr on $122,655 invested. Return on cash invested sits at 20.79% in year one, and rental yield is 7.34% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 107.18% and total cumulative return in cash sums $131,465. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,262/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87021, Milan, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 89 (100%) |
| Owner Occupied HU | 56 (62.9%) |
| Renter Occupied HU | 10 (11.2%) |
| Vacant Housing Units | 23 (25.8%) |
| Median Home Value | $590,909 |
| Average Home Value | $564,955 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
53
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Listed by: Amanda Alyce James • Realty One of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1083431
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.