701 Lava AveGrantsNM87020
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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
Rental property for sale in Grants at 701 Lava Ave, Grants, NM, 87020 generates $894/mo in rent and, after a $680/mo payment, leaves $78/mo in cash flow. Total monthly income is $894/mo, and annual cash flow is $942/yr on $46,079 invested. Return on cash invested sits at 21.95% in year one, and rental yield is 7.72% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 113.43% and total cumulative return in cash sums $52,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $894/mo property income rather than buyer’s personal income.
Multi Family
Built in 1977
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87020, Grants, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,822 (100%) |
| Owner Occupied HU | 3,469 (59.6%) |
| Renter Occupied HU | 1,457 (25.0%) |
| Vacant Housing Units | 896 (15.4%) |
| Median Home Value | $155,856 |
| Average Home Value | $195,601 |
Housing Distribution
Address Breakdown
Residential
3,697
Single Family
3,474
Multi-Family
223
Businesses
428
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Listed by: Anna T Carabajal • Realty One of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1084438
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.