712 Elko 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
Investment property for sale in Grants at 712 Elko Ave, Grants, NM, 87020 with 5% annual appreciation on a $194,999 basis while $894/mo rent supports operations. 27% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 5.5%. Five-year ROI measures 77.52% and total cumulative return in cash totals $50,110. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $894/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
7,875 sqft 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: Christopher Acevedo • Exp Realty, LLC
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20245851
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.