540 Northern Blvd NERio 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 540 Northern Blvd NE, Rio Rancho, NM, 87124 priced at $616,300 converts $3,864/mo rent into $247/mo cash flow after a $3,016/mo obligation. Total monthly income equals $3,864/mo, and annual cash flow totals $2,965/yr on $202,763 invested. Return on cash invested prints 21.52% in year one, and rental yield reads 7.52% against a $616,300 entry. Equity gained on principal adds $3,977/yr, while 5% annual appreciation compiles into $170,272 by year five. Five-year ROI reaches 111.05% and total cumulative return in cash sums $225,173. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,864/mo property income covering a $3,016/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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Mls ID: #N/A