714 Mirabel StFarmingtonNM87401
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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 Farmington at 714 Mirabel St, Farmington, NM, 87401 with 5% annual appreciation on a $365,000 basis while $2,466/mo rent supports operations. Total monthly income totals $2,466/mo and a $1,786/mo payment preserves $324/mo for cash returns. Annual cash flow comes to $3,890/yr on $120,998 deployed, and return on cash invested reaches 23.12% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 8.11%. Five-year ROI measures 119.69% and total cumulative return in cash totals $144,823.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,466/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2011
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: Barry J Digman • Keller Williams
Mls Name: SJCMLS
Mls ID: #25-1018