6605 Rio Dorado DrLa MesaNM88044
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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 La Mesa at 6605 Rio Dorado Dr, La Mesa, NM, 88044 uses $118,644 cash to close to unlock $1,044/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,752/mo payment keeps the spread at $87/mo. Purchase price stands at $357,900, and rental yield measures 7.34% with $2,188/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $98,881 over five years. Five-year ROI reaches 107.19% and total cumulative return in cash records $127,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,752/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88044, La Mesa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 983 (72.5%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 137 (10.1%) |
| Median Home Value | $265,588 |
| Average Home Value | $275,206 |
Housing Distribution
Address Breakdown
Residential
871
Single Family
871
Multi-Family
0
Businesses
28
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Listed by: Monica Soto • EXIT Realty Horizons
Mls Name: SNMMLS
Mls ID: #2600082