6301 Magpie Way NERio RanchoNM87144
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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 6301 Magpie Way NE, Rio Rancho, NM, 87144 offers a 6.37% rental yield on a $355,000 purchase with $1,884/mo rent. 87% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 91.48% and total cumulative return in cash at $107,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,884/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Juan F Duran • Berkshire Hathaway NM Prop
Mls Name: SWMLS
Mls Provider:
Mls ID: #1082613
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.