617 Eastlake Ct SERio 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
Investment property for sale in Rio Rancho at 617 Eastlake Ct SE, Rio Rancho, NM, 87124 earns $802/mo cash flow from $2,386/mo rent with a $1,321/mo payment. Total monthly income totals $2,386/mo, and annual cash flow totals $9,622/yr on $89,472 capital. ROI tracks 30.66% on current figures, and rental yield reads 10.61% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 160.09% and total cumulative return in cash sums $143,238. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,386/mo property income instead of your personal income.
Townhouse
Built in 1986
1,306 sqft 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: Tracy L Willis • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1091706