604 Eastlake Dr SERio RanchoNM87124
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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 Rio Rancho at 604 Eastlake Dr SE, Rio Rancho, NM, 87124 at $254,000 posts ROI 18.78% with from $1,667/mo rent. Total monthly income equals $1,667/mo. Return on cash invested measures 18.78% and rental yield reads 7.88% at the current $254,000. Equity gained on principal adds $1,639/yr, and 5% annual appreciation supports $70,176 by year five. Five-year ROI prints 97.69% and total cumulative return in cash totals $82,254. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,667/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1989
3,484 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Marnie L Havenor • Realty One of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1084906
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.