703 Julie DrGallupNM87301
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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 Gallup at 703 Julie Dr, Gallup, NM, 87301 generates $960/mo in rent, after a $1,591/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 9.35% in year one, and rental yield is 3.54% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 45.85% and total cumulative return in cash sums $49,393. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
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: Amparo Usrey • Cedar & Ivy Real Estate, LLC
Mls Name: New Mexico MLS
Mls ID: #20260060