58 Kneeling Nun RdHanoverNM88041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hanover at 58 Kneeling Nun Rd, Hanover, NM, 88041 priced at $295,900 converts $1,800/mo rent into $64/mo cash flow after a $1,448/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $762/yr on $98,091 invested. Return on cash invested prints 20.69% in year one, and rental yield reads 7.3% against a $295,900 entry. Equity gained on principal adds $1,909/yr, while 5% annual appreciation compiles into $81,752 by year five. Five-year ROI reaches 106.61% and total cumulative return in cash sums $104,577. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,448/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88041, Hanover, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 545 (100%) |
| Owner Occupied HU | 371 (68.1%) |
| Renter Occupied HU | 58 (10.6%) |
| Vacant Housing Units | 116 (21.3%) |
| Median Home Value | $177,134 |
| Average Home Value | $237,635 |
Housing Distribution
Address Breakdown
Residential
340
Single Family
340
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexa Trujillo • Enchantment Realty
Mls Name: SNMMLS
Mls ID: #2502620