724 Athena AveBernalilloNM87004
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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
Rental property for sale in Bernalillo at 724 Athena Ave, Bernalillo, NM, 87004 priced at $247,900 converts $2,044/mo rent into $589/mo cash flow after a $1,213/mo obligation. Total monthly income equals $2,044/mo, and annual cash flow totals $7,072/yr on $82,179 invested. Return on cash invested prints 28.51% in year one, and rental yield reads 9.89% against a $247,900 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,490 by year five. Five-year ROI reaches 148.62% and total cumulative return in cash sums $122,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,044/mo property income covering a $1,213/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87004, Bernalillo, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,905 (100%) |
| Owner Occupied HU | 3,638 (74.2%) |
| Renter Occupied HU | 916 (18.7%) |
| Vacant Housing Units | 351 ( 7.2%) |
| Median Home Value | $346,070 |
| Average Home Value | $345,258 |
Housing Distribution
Address Breakdown
Residential
3,902
Single Family
3,866
Multi-Family
36
Businesses
383
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Listed by: Orlando R. Gonzales • Realty One of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1083059
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.