622 Blue Canyon RdSocorroNM87801
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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 Socorro at 622 Blue Canyon Rd, Socorro, NM, 87801 at $122,500 posts ROI 27.21% with $247/mo cash flow from $978/mo rent. Total monthly income equals $978/mo, and annual cash flow records $2,966/yr on $40,609 to close. Return on cash invested measures 27.21% and rental yield reads 9.58% at the current $122,500. Equity gained on principal adds $790/yr, and 5% annual appreciation supports $33,844 by year five. Five-year ROI prints 141.81% and total cumulative return in cash totals $57,588.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $978/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: Steve A Torres • Coldwell Banker Legacy
Mls Name: SWMLS
Mls Provider:
Mls ID: #1086898
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.