615 Rio Grande AveSanta 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 615 Rio Grande Ave, Santa Fe, NM, 87501 priced at $737,000 pairs $2,867/mo rent with after a $3,607/mo payment. Total monthly income equals $2,867/mo. Return on cash invested is 12.84% in year one, and rental yield stands at 4.67% on a $737,000 basis. Equity gained on principal adds $4,756/yr, and 5% annual appreciation accumulates to $203,620 by year five. Five-year ROI measures 64.49% and total cumulative return in cash reaches $156,376. For financing, Ziffy Mortgage’s DSCR program evaluates $2,867/mo property income against a $3,607/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1965
N/A 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: Britt Klein • Sotheby's Int. RE/Grant
Mls Name: SFARMLS
Mls ID: #202504576