605 1st St NERio 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
Rental property for sale in Rio Rancho at 605 1st St NE, Rio Rancho, NM, 87124 generates $1,287/mo in rent and, after a $827/mo payment, leaves $295/mo in cash flow. Total monthly income is $1,287/mo, and annual cash flow is $3,543/yr on $56,024 invested. Return on cash invested sits at 26.23% in year one, and rental yield is 9.14% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 136.41% and total cumulative return in cash sums $76,423. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,287/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.50 Acres lot
$N/A/sqft
No 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: Dwayne A McFarland • Discovery 1 Realty & Mgmnt,Inc
Mls Name: SWMLS
Mls ID: #1092475