700 Colfax AveSpringerNM87747
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 Springer at 700 Colfax Ave, Springer, NM, 87747 priced at $124,900 pairs $1,118/mo rent with $385/mo cash flow after a $611/mo payment. Total monthly income equals $1,118/mo, and annual cash flow comes to $4,623/yr on $41,404 invested. Return on cash invested is 31.07% in year one, and rental yield stands at 10.74% on a $124,900 basis. Equity gained on principal adds $806/yr, and 5% annual appreciation accumulates to $34,508 by year five. Five-year ROI measures 162.41% and total cumulative return in cash reaches $67,246. For financing, Ziffy Mortgage’s DSCR program evaluates $1,118/mo property income against a $611/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87747, Springer, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 419 (55.1%) |
| Renter Occupied HU | 190 (25.0%) |
| Vacant Housing Units | 152 (20.0%) |
| Median Home Value | $117,708 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
78
Single Family
78
Multi-Family
0
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cassidae Chance • Home Associates, Inc
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20253924
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. 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.