604 San Miguel StFarmingtonNM87401
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
Investment property for sale in Farmington at 604 San Miguel St, Farmington, NM, 87401 at $322,900 posts ROI 23.54% with $324/mo cash flow from $2,219/mo rent. Total monthly income equals $2,219/mo, and annual cash flow records $3,890/yr on $107,041 to close. Return on cash invested measures 23.54% and rental yield reads 8.25% at the current $322,900. Equity gained on principal adds $2,084/yr, and 5% annual appreciation supports $89,211 by year five. Five-year ROI prints 121.94% and total cumulative return in cash totals $130,526.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,219/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A