6537 Horseshoe DrCochiti LakeNM87083
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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 Cochiti Lake at 6537 Horseshoe Dr, Cochiti Lake, NM, 87083 generates $2,406/mo in rent and, after a $1,444/mo payment, leaves $674/mo in cash flow. Total monthly income is $2,406/mo, and annual cash flow is $8,092/yr on $97,793 invested. Return on cash invested sits at 28.18% in year one, and rental yield is 9.79% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 146.82% and total cumulative return in cash sums $143,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,406/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87083, Cochiti Lake, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 270 (100%) |
| Owner Occupied HU | 201 (74.4%) |
| Renter Occupied HU | 29 (10.7%) |
| Vacant Housing Units | 40 (14.8%) |
| Median Home Value | $287,069 |
| Average Home Value | $312,326 |
Housing Distribution
Address Breakdown
Residential
259
Single Family
3
Multi-Family
256
Businesses
7
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Listed by: Maria C Martinez • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1093455