618 Frederico Blvd, Rio Communities, NM, 87002 | $1,189/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Rio Communities at 618 Frederico Blvd, Rio Communities, NM, 87002 offers a 12.1% rental yield on a $294,667 purchase with $2,971/mo rent. Total monthly income registers $2,971/mo, and a $1,442/mo payment leaves $1,189/mo available for distribution. Annual cash flow reaches $14,263/yr on $97,682 to close, and return on cash invested stands at 34.51% in year one. Equity gained on principal adds $1,901/yr while 5% annual appreciation supports $81,411 over five years. Portfolio math shows five-year ROI at 180.97% and total cumulative return in cash at $176,778. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,971/mo property income against a $1,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

4,032 sqft lot

$N/A/sqft

$3 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 87002, Belen, NM area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,289 (100%)
Owner Occupied HU	6,502 (70.0%)
Renter Occupied HU	1,915 (20.6%)
Vacant Housing Units	872 ( 9.4%)
Median Home Value	$214,461
Average Home Value	$234,200