658 Laborcita Canyon RdLa LuzNM88337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 La Luz at 658 Laborcita Canyon Rd, La Luz, NM, 88337 generates $2,748/mo in rent, after a $2,592/mo payment. Total monthly income is $2,748/mo. Return on cash invested sits at 17.58% in year one, and rental yield is 6.23% on a $529,500 entry. Equity gained on principal adds $3,417/yr, while 5% annual appreciation builds toward $146,291 over five years. Five-year ROI reaches 89.89% and total cumulative return in cash sums $156,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,748/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
4.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88337, La Luz, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,203 (100%) |
| Owner Occupied HU | 857 (71.2%) |
| Renter Occupied HU | 163 (13.5%) |
| Vacant Housing Units | 183 (15.2%) |
| Median Home Value | $252,523 |
| Average Home Value | $270,741 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Wilson • Coldwell Banker Sudderth Nelson
Mls Name: OCMLS
Mls ID: #171709