7 Rocky RdEl PradoNM87529
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 El Prado at 7 Rocky Rd, El Prado, NM, 87529 priced at $349,000 converts $3,360/mo rent into $1,237/mo cash flow after a $1,708/mo obligation. Total monthly income equals $3,360/mo, and annual cash flow totals $14,841/yr on $115,694 invested. Return on cash invested prints 32.74% in year one, and rental yield reads 11.55% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 171.49% and total cumulative return in cash sums $198,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Townhouse
Built in 1997
1,306 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87529, El Prado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,722 (100%) |
| Owner Occupied HU | 2,251 (60.5%) |
| Renter Occupied HU | 726 (19.5%) |
| Vacant Housing Units | 745 (20.0%) |
| Median Home Value | $530,373 |
| Average Home Value | $557,665 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
683
Multi-Family
2
Businesses
91
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Listed by: Diane Enright • Berkshire Hathaway Home Services Taos Real Estate 2
Mls Name: TCAR
Mls Provider:
Mls ID: #112273
Disclaimer: The data relating to real estate for sale in this web site come in part from the Internet Data exchange ("IDX") program of TCAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.