6022 Spring RdgSanta TeresaNM88008
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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
Investment property for sale in Santa Teresa at 6022 Spring Rdg, Santa Teresa, NM, 88008 uses $124,296 cash to close to unlock $11,057/yr annual cash flow and $921/mo monthly cash flow. Total monthly income runs $3,122/mo, and a $1,835/mo payment keeps the spread at $921/mo. Purchase price stands at $374,950, and rental yield measures 9.99% with $3,122/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $103,592 over five years. Five-year ROI reaches 150.13% and total cumulative return in cash records $186,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,122/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2026
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88008, Santa Teresa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,131 (100%) |
| Owner Occupied HU | 3,152 (76.3%) |
| Renter Occupied HU | 806 (19.5%) |
| Vacant Housing Units | 173 ( 4.2%) |
| Median Home Value | $245,600 |
| Average Home Value | $290,603 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,421
Multi-Family
319
Businesses
253
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Listed by: Tarryn A Ortega • Home Pros Real Estate Group
Mls Name: GEPAR
Mls ID: #935478