629 E Palace Ave APT 1Santa 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 629 E Palace Ave APT 1, Santa Fe, NM, 87501 generates $3,600/mo in rent, after a $8,071/mo payment. Total monthly income is $3,600/mo. Return on cash invested sits at 6.72% in year one, and rental yield is 2.62% on a $1,649,000 entry. Equity gained on principal adds $10,641/yr, while 5% annual appreciation builds toward $455,588 over five years. Five-year ROI reaches 31.57% and total cumulative return in cash sums $168,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Townhouse
Built in 2001
1,306 sqft 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: Sarah Nelson • EXIT Realty Vista
Mls Name: SWMLS
Mls ID: #1092646