616 Paseo De La Cuma APT ASanta 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 616 Paseo De La Cuma APT A, Santa Fe, NM, 87501 priced at $1,198,000 pairs $3,268/mo rent with after a $5,864/mo payment. Total monthly income equals $3,268/mo. Return on cash invested is 8.07% in year one, and rental yield stands at 3.27% on a $1,198,000 basis. Equity gained on principal adds $7,731/yr, and 5% annual appreciation accumulates to $330,985 by year five. Five-year ROI measures 39.09% and total cumulative return in cash reaches $151,711. For financing, Ziffy Mortgage’s DSCR program evaluates $3,268/mo property income against a $5,864/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1983
1,742 sqft lot
$N/A/sqft
$170 monthly 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: Michael S. Sanford • Barker Realty, LLC
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202403503
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.