808 Palo Duro DrBernalilloNM87004
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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 808 Palo Duro Dr, Bernalillo, NM, 87004 offers $2,424/mo rent that, after a $1,904/mo payment, leaves $141/mo cash flow. Total monthly income is $2,424/mo, and annual cash flow is $1,689/yr on $128,954 cash. Return on cash invested measures 21.22% in year one, and rental yield stands at 7.48% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 109.46% and total cumulative return in cash reaches $141,150. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,424/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
4,356 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: Janis Lisa Baker • Placitas Realty Inc.
Mls Name: SWMLS
Mls ID: #1087624