640 Renaissance Loop 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
Rental property for sale in Rio Rancho at 640 Renaissance Loop SE, Rio Rancho, NM, 87124 priced at $320,777 converts $2,039/mo rent into $57/mo cash flow after a $1,570/mo obligation. Total monthly income equals $2,039/mo, and annual cash flow totals $687/yr on $106,338 invested. Return on cash invested prints 20.55% in year one, and rental yield reads 7.63% against a $320,777 entry. Equity gained on principal adds $2,070/yr, while 5% annual appreciation compiles into $88,625 by year five. Five-year ROI reaches 106.32% and total cumulative return in cash sums $113,059. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,039/mo property income covering a $1,570/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
4,356 sqft lot
$N/A/sqft
$297 quarterly 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: Diana S Costales • Coldwell Banker Legacy
Mls Name: SWMLS
Mls Provider:
Mls ID: #1086009
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.