5917 Inverness DrFarmingtonNM87402
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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 5917 Inverness Dr, Farmington, NM, 87402 priced at $485,000 pairs $3,108/mo rent with $261/mo cash flow after a $2,374/mo payment. Total monthly income equals $3,108/mo, and annual cash flow comes to $3,134/yr on $160,778 invested. Return on cash invested is 21.86% in year one, and rental yield stands at 7.69% on a $485,000 basis. Equity gained on principal adds $3,130/yr, and 5% annual appreciation accumulates to $133,997 by year five. Five-year ROI measures 112.9% and total cumulative return in cash reaches $181,514. For financing, Ziffy Mortgage’s DSCR program evaluates $3,108/mo property income against a $2,374/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
10,018 sqft 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: Allen Elmore • EXP Realty, LLC
Mls Name: SJCMLS
Mls ID: #24-1185