8 Bonita AveLa LuzNM88337
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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
Investment property for sale in La Luz at 8 Bonita Ave, La Luz, NM, 88337 with 5% annual appreciation on a $129,000 basis while $1,017/mo rent supports operations. Total monthly income totals $1,017/mo and a $631/mo payment preserves $260/mo for cash returns. Annual cash flow comes to $3,123/yr on $42,764 deployed, and return on cash invested reaches 27.21% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,640 alongside rental yield of 9.46%. Five-year ROI measures 141.68% and total cumulative return in cash totals $60,589.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,017/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
9,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88337, La Luz, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,203 (100%) |
| Owner Occupied HU | 857 (71.2%) |
| Renter Occupied HU | 163 (13.5%) |
| Vacant Housing Units | 183 (15.2%) |
| Median Home Value | $252,523 |
| Average Home Value | $270,741 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
68
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Listed by: Diana Stokes-Trunzo • NM PREMIER REAL ESTATE, LLC
Mls Name: OCMLS
Mls ID: #171377