613 Mesa Vista DrFarmingtonNM87401
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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 Farmington at 613 Mesa Vista Dr, Farmington, NM, 87401 offers $2,297/mo rent that, after a $1,908/mo payment, leaves $9/mo cash flow. Total monthly income is $2,297/mo, and annual cash flow is $106/yr on $129,252 cash. Return on cash invested measures 19.99% in year one, and rental yield stands at 7.07% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 102.86% and total cumulative return in cash reaches $132,949. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,297/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7,500 sqft 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: Edward Donovan • Continental Real Estate Group, Inc.
Mls Name: NY State MLS
Mls ID: #11639262