604D Griffin StSanta FeNM87501
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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
Rental property for sale in Santa Fe at 604D Griffin St, Santa Fe, NM, 87501 priced at $649,000 converts $2,867/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,867/mo. Return on cash invested prints 14.76% in year one, and rental yield reads 5.3% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 74.8% and total cumulative return in cash sums $159,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,867/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Condo
Built in 1984
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87501, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,095 (100%) |
| Owner Occupied HU | 5,236 (51.9%) |
| Renter Occupied HU | 2,987 (29.6%) |
| Vacant Housing Units | 1,872 (18.5%) |
| Median Home Value | $731,150 |
| Average Home Value | $895,812 |
Housing Distribution
Address Breakdown
Residential
8,688
Single Family
7,953
Multi-Family
735
Businesses
1,573
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Listed by: Gary Bobolsky • Sotheby's Int. RE/Washington
Mls Name: SFARMLS
Mls ID: #202504941