800 Caine StSocorroNM87801
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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 Socorro at 800 Caine St, Socorro, NM, 87801 uses $58,676 cash to close to unlock $4,109/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $1,381/mo, and a $866/mo payment keeps the spread at $342/mo. Purchase price stands at $177,000, and rental yield measures 9.36% with $1,381/mo rent. Return on cash invested shows 26.91% in year one, and 5% annual appreciation builds toward $48,902 over five years. Five-year ROI reaches 140.01% and total cumulative return in cash records $82,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $866/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87801, Socorro, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,906 (100%) |
| Owner Occupied HU | 2,609 (53.2%) |
| Renter Occupied HU | 1,620 (33.0%) |
| Vacant Housing Units | 677 (13.8%) |
| Median Home Value | $170,167 |
| Average Home Value | $181,381 |
Housing Distribution
Address Breakdown
Residential
3,705
Single Family
3,597
Multi-Family
108
Businesses
384
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Listed by: Laura Blackwell Jordan • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1092607