813 Country Club Dr SE APT 1CRio RanchoNM87124
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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 Rio Rancho at 813 Country Club Dr SE APT 1C, Rio Rancho, NM, 87124 uses $64,643 cash to close to unlock $6,286/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $1,868/mo, and a $954/mo payment keeps the spread at $524/mo. Purchase price stands at $195,000, and rental yield measures 11.5% with $1,868/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 155.91% and total cumulative return in cash records $100,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,868/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1988
871.20 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87124, Rio Rancho, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,192 (100%) |
| Owner Occupied HU | 18,505 (76.5%) |
| Renter Occupied HU | 4,704 (19.4%) |
| Vacant Housing Units | 983 ( 4.1%) |
| Median Home Value | $324,394 |
| Average Home Value | $348,805 |
Housing Distribution
Address Breakdown
Residential
23,503
Single Family
21,690
Multi-Family
1,813
Businesses
1,117
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Listed by: Melissa Renee Mobbley • Coldwell Banker Legacy
Mls Name: SWMLS
Mls Provider:
Mls ID: #1089027
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.