707 E Palace Ave APT 8Santa FeNM87501
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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
Investment property for sale in Santa Fe at 707 E Palace Ave APT 8, Santa Fe, NM, 87501 offers a 2.94% rental yield on a $1,170,000 purchase with $2,867/mo rent. 71% in year one. Equity gained on principal adds $7,550/yr while 5% annual appreciation supports $323,249 over five years. Portfolio math shows five-year ROI at 36.88% and total cumulative return in cash at $139,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,867/mo property income against a $5,727/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87501, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,095 (100%) |
| Owner Occupied HU | 5,236 (51.9%) |
| Renter Occupied HU | 2,987 (29.6%) |
| Vacant Housing Units | 1,872 (18.5%) |
| Median Home Value | $731,150 |
| Average Home Value | $895,812 |
Housing Distribution
Address Breakdown
Residential
8,688
Single Family
7,953
Multi-Family
735
Businesses
1,573
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Listed by: Stephen Pollack • Sotheby's Int. RE/Washington
Mls Name: SFARMLS
Mls ID: #202503422