710 W Iverness AveEstanciaNM87016
Nearby investment properties with comparable rents
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 Estancia at 710 W Iverness Ave, Estancia, NM, 87016 offers $1,320/mo rent that, after a $1,077/mo payment, leaves $29/mo cash flow. Total monthly income is $1,320/mo, and annual cash flow is $342/yr on $72,930 cash. Return on cash invested measures 20.38% in year one, and rental yield stands at 7.2% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 104.98% and total cumulative return in cash reaches $76,559. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87016, Estancia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,637 (100%) |
| Owner Occupied HU | 1,082 (66.1%) |
| Renter Occupied HU | 261 (15.9%) |
| Vacant Housing Units | 294 (18.0%) |
| Median Home Value | $245,604 |
| Average Home Value | $372,733 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
71
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Listed by: Jeffrey Rose • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1091834