5301 Tampico WayFarmingtonNM87402
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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 Farmington at 5301 Tampico Way, Farmington, NM, 87402 priced at $769,000 converts $3,128/mo rent into after a $3,764/mo obligation. Total monthly income equals $3,128/mo. Return on cash invested prints 13.49% in year one, and rental yield reads 4.88% against a $769,000 entry. Equity gained on principal adds $4,962/yr, while 5% annual appreciation compiles into $212,461 by year five. Five-year ROI reaches 67.96% and total cumulative return in cash sums $171,931. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,128/mo property income covering a $3,764/mo payment, not borrower’s personal income.
Single Family
Built in 2019
2.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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Listed by: Kara B Wood • Kirtland Realty
Mls Name: SJCMLS
Mls ID: #26-15