700 W Logan AveGallupNM87301
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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 Gallup at 700 W Logan Ave, Gallup, NM, 87301 priced at $151,800 pairs $1,178/mo rent with $287/mo cash flow after a $743/mo payment. Total monthly income equals $1,178/mo, and annual cash flow comes to $3,444/yr on $50,322 invested. Return on cash invested is 26.75% in year one, and rental yield stands at 9.31% on a $151,800 basis. Equity gained on principal adds $980/yr, and 5% annual appreciation accumulates to $41,940 by year five. Five-year ROI measures 139.11% and total cumulative return in cash reaches $70,003. For financing, Ziffy Mortgage’s DSCR program evaluates $1,178/mo property income against a $743/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87301, Gallup, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,490 (100%) |
| Owner Occupied HU | 7,254 (58.1%) |
| Renter Occupied HU | 4,131 (33.1%) |
| Vacant Housing Units | 1,105 ( 8.8%) |
| Median Home Value | $112,050 |
| Average Home Value | $166,876 |
Housing Distribution
Address Breakdown
Residential
6,941
Single Family
6,583
Multi-Family
358
Businesses
983
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Listed by: Jason Valentine • Coldwell Banker High Desert Realty
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20251644
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.