6 Palo Alto RdBelenNM87002
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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 Belen at 6 Palo Alto Rd, Belen, NM, 87002 priced at $289,000 pairs $1,916/mo rent with $219/mo cash flow after a $1,415/mo payment. Total monthly income equals $1,916/mo, and annual cash flow comes to $2,631/yr on $95,804 invested. Return on cash invested is 22.65% in year one, and rental yield stands at 7.96% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 117.18% and total cumulative return in cash reaches $112,262. For financing, Ziffy Mortgage’s DSCR program evaluates $1,916/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1997
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Jennifer L Eylicio • Realty One of New Mexico, LLC
Mls Name: SWMLS
Mls ID: #1090928