601 S Mesa Verde AveFarmingtonNM87401
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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 601 S Mesa Verde Ave, Farmington, NM, 87401 priced at $249,900 pairs $1,285/mo rent with after a $1,223/mo payment. Total monthly income equals $1,285/mo. Return on cash invested is 17.28% in year one, and rental yield stands at 6.17% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 88.36% and total cumulative return in cash reaches $73,202. For financing, Ziffy Mortgage’s DSCR program evaluates $1,285/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1989
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: Amberly M Aranda • Real Broker, LLC
Mls Name: SJCMLS
Mls ID: #25-1304