810 Padilla PlSocorroNM87801
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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 810 Padilla Pl, Socorro, NM, 87801 with 5% annual appreciation on a $160,000 basis while $960/mo rent supports operations. Total monthly income totals $960/mo and a $783/mo payment preserves $21/mo for cash returns. Annual cash flow comes to $252/yr on $53,040 deployed, and return on cash invested reaches 20.38% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,205 alongside rental yield of 7.2%. Five-year ROI measures 104.96% and total cumulative return in cash totals $55,670.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $960/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
4,356 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: Tina Elizabeth McQuerry • HomeSmart Realty Pros
Mls Name: SWMLS
Mls ID: #1096320