5704 Chaparral AveFarmingtonNM87402
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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 5704 Chaparral Ave, Farmington, NM, 87402 priced at $383,500 converts $3,488/mo rent into $1,237/mo cash flow after a $1,877/mo obligation. Total monthly income equals $3,488/mo, and annual cash flow totals $14,845/yr on $127,130 invested. Return on cash invested prints 31.59% in year one, and rental yield reads 10.91% against a $383,500 entry. Equity gained on principal adds $2,475/yr, while 5% annual appreciation compiles into $105,954 by year five. Five-year ROI reaches 165.07% and total cumulative return in cash sums $209,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,488/mo property income covering a $1,877/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.29 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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