6419 Old Course DrFarmingtonNM87402
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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 Farmington at 6419 Old Course Dr, Farmington, NM, 87402 listed at $759,000 pairs $1,834/mo rent with a $3,715/mo payment. Total monthly income runs $1,834/mo. Return on cash invested measures 7.46% in year one, and rental yield registers 2.9% at a $759,000 basis. Equity gained on principal adds $4,898/yr, and annual property appreciation at 5% supports $209,698 by year five. Five-year ROI tracks 35.65% and total cumulative return in cash totals $89,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,834/mo property income relative to a $3,715/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87402, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,336 (100%) |
| Owner Occupied HU | 3,102 (71.5%) |
| Renter Occupied HU | 960 (22.1%) |
| Vacant Housing Units | 274 ( 6.3%) |
| Median Home Value | $285,255 |
| Average Home Value | $315,181 |
Housing Distribution
Address Breakdown
Residential
4,259
Single Family
4,243
Multi-Family
16
Businesses
455
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Listed by: Amanda K Padilla • Real Estate PROS
Mls Name: SJCMLS
Mls ID: #25-1036