599 Old Church RdCorralesNM87048
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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 Corrales at 599 Old Church Rd, Corrales, NM, 87048 priced at $600,000 converts $2,730/mo rent into after a $2,937/mo obligation. Total monthly income equals $2,730/mo. Return on cash invested prints 15.25% in year one, and rental yield reads 5.46% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 77.37% and total cumulative return in cash sums $152,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,730/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87048, Corrales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 3,361 (82.4%) |
| Renter Occupied HU | 481 (11.8%) |
| Vacant Housing Units | 236 ( 5.8%) |
| Median Home Value | $542,565 |
| Average Home Value | $611,621 |
Housing Distribution
Address Breakdown
Residential
3,306
Single Family
3,306
Multi-Family
0
Businesses
345
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Listed by: Robin Kay Riegor • Sotheby's International Realty
Mls Name: SWMLS
Mls ID: #1094357