7 Charles WayEdgewoodNM87015
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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 Edgewood at 7 Charles Way, Edgewood, NM, 87015 earns from $2,488/mo rent with a $2,398/mo payment. Total monthly income totals $2,488/mo. ROI tracks 17.04% on current figures, and rental yield reads 6.09% at a $490,000 purchase. Equity gained on principal adds $3,162/yr, and 5% annual appreciation supports $135,378 over five years. Five-year ROI reaches 87.07% and total cumulative return in cash sums $141,432. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,488/mo property income instead of your personal income.
Single Family
Built in 2023
3.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: Jonathan Nunez • Simply Real Estate
Mls Name: SWMLS
Mls ID: #1097258