602 E Lincoln AveGallupNM87301
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 Gallup at 602 E Lincoln Ave, Gallup, NM, 87301 offers $1,708/mo rent that, after a $627/mo payment, leaves $946/mo cash flow. Total monthly income is $1,708/mo, and annual cash flow is $11,352/yr on $42,465 cash. Return on cash invested measures 46.64% in year one, and rental yield stands at 16% at a $128,100 entry. Equity gained on principal adds $827/yr while 5% annual appreciation compounds into $35,392 by year five. Five-year ROI records 245.89% and total cumulative return in cash reaches $104,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,708/mo property income versus a $627/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87301, Gallup, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,490 (100%) |
| Owner Occupied HU | 7,254 (58.1%) |
| Renter Occupied HU | 4,131 (33.1%) |
| Vacant Housing Units | 1,105 ( 8.8%) |
| Median Home Value | $112,050 |
| Average Home Value | $166,876 |
Housing Distribution
Address Breakdown
Residential
6,941
Single Family
6,583
Multi-Family
358
Businesses
983
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A