704 Elm StMagdalenaNM87825
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Magdalena at 704 Elm St, Magdalena, NM, 87825 generates $0/mo in rent, after a $1,316/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.34% in year one, and rental yield is 0% on a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation builds toward $74,292 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87825, Magdalena, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 834 (69.0%) |
| Renter Occupied HU | 157 (13.0%) |
| Vacant Housing Units | 217 (18.0%) |
| Median Home Value | $94,821 |
| Average Home Value | $143,204 |
Housing Distribution
Address Breakdown
Residential
47
Single Family
47
Multi-Family
0
Businesses
51
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kathryn Ann Fellure • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1092935