606 N Strong DrGallupNM87301
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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 Gallup at 606 N Strong Dr, Gallup, NM, 87301 with 5% annual appreciation on a $169,900 basis while $1,300/mo rent supports operations. Total monthly income totals $1,300/mo and a $832/mo payment preserves $302/mo for cash returns. Annual cash flow comes to $3,628/yr on $56,322 deployed, and return on cash invested reaches 26.35% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 9.18%. Five-year ROI measures 137.04% and total cumulative return in cash totals $77,186.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,300/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87301, Gallup, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,490 (100%) |
| Owner Occupied HU | 7,254 (58.1%) |
| Renter Occupied HU | 4,131 (33.1%) |
| Vacant Housing Units | 1,105 ( 8.8%) |
| Median Home Value | $112,050 |
| Average Home Value | $166,876 |
Housing Distribution
Address Breakdown
Residential
6,941
Single Family
6,583
Multi-Family
358
Businesses
983
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Listed by: Jason Valentine • Coldwell Banker High Desert Realty
Mls Name: New Mexico MLS
Mls ID: #20255004