6024 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 6024 Spring Rdg, Santa Teresa, NM, 88008 earns $420/mo cash flow from $2,357/mo rent with a $1,615/mo payment. Total monthly income totals $2,357/mo, and annual cash flow totals $5,044/yr on $109,378 capital. ROI tracks 24.52% on current figures, and rental yield reads 8.57% at a $329,950 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,159 over five years. Five-year ROI reaches 127.17% and total cumulative return in cash sums $139,099. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,357/mo property income instead of your personal income.
Single Family
Built in 2026
5,227 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: Julia Anna Craft • Home Pros Real Estate Group
Mls Name: GEPAR
Mls ID: #935395