7 Corte De CanoncitoCedar CrestNM87008
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
Investment property for sale in Cedar Crest at 7 Corte De Canoncito, Cedar Crest, NM, 87008 at $825,000 posts ROI 21.73% with $378/mo cash flow from $5,220/mo rent. Total monthly income equals $5,220/mo, and annual cash flow records $4,531/yr on $271,425 to close. Return on cash invested measures 21.73% and rental yield reads 7.59% at the current $825,000. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 by year five. Five-year ROI prints 112.15% and total cumulative return in cash totals $304,413.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,220/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87008, Cedar Crest, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,123 (100%) |
| Owner Occupied HU | 923 (82.2%) |
| Renter Occupied HU | 89 ( 7.9%) |
| Vacant Housing Units | 111 ( 9.9%) |
| Median Home Value | $397,352 |
| Average Home Value | $448,594 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
874
Multi-Family
0
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Medina Real Estate Inc • Keller Williams Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1085937
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.