76 Evening Star LoopEdgewoodNM87015
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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 Edgewood at 76 Evening Star Loop, Edgewood, NM, 87015 priced at $518,000 converts $2,220/mo rent into after a $2,535/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints 14.29% in year one, and rental yield reads 5.14% against a $518,000 entry. Equity gained on principal adds $3,343/yr, while 5% annual appreciation compiles into $143,114 by year five. Five-year ROI reaches 72.23% and total cumulative return in cash sums $123,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $2,535/mo payment, not borrower’s personal income.
Single Family
Built in 2016
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: New Mexico Home Group • Jason Mitchell RE NM
Mls Name: SWMLS
Mls ID: #1088880