60 W Forest DrRociadaNM87742
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 Rociada at 60 W Forest Dr, Rociada, NM, 87742 priced at $569,000 converts $4,021/mo rent into $681/mo cash flow after a $2,785/mo obligation. Total monthly income equals $4,021/mo, and annual cash flow totals $8,175/yr on $187,201 invested. Return on cash invested prints 24.43% in year one, and rental yield reads 8.48% against a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation compiles into $157,204 by year five. Five-year ROI reaches 126.63% and total cumulative return in cash sums $237,047. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,021/mo property income covering a $2,785/mo payment, not borrower’s personal income.
Single Family
Built in 1987
3.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87742, Rociada, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 413 (100%) |
| Owner Occupied HU | 169 (40.9%) |
| Renter Occupied HU | 18 ( 4.4%) |
| Vacant Housing Units | 226 (54.7%) |
| Median Home Value | $295,000 |
| Average Home Value | $314,068 |
Housing Distribution
Address Breakdown
Residential
97
Single Family
97
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lena Atencio • Michael Gregory, Jr R. E.
Mls Name: New Mexico MLS
Mls ID: #20257029