832 Truman AveGrantsNM87020
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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 Grants at 832 Truman Ave, Grants, NM, 87020 uses $47,736 cash to close to unlock $3,535/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $705/mo payment keeps the spread at $295/mo. Purchase price stands at $144,000, and rental yield measures 9.5% with $1,140/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 142.17% and total cumulative return in cash records $67,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $705/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,931 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87020, Grants, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,822 (100%) |
| Owner Occupied HU | 3,469 (59.6%) |
| Renter Occupied HU | 1,457 (25.0%) |
| Vacant Housing Units | 896 (15.4%) |
| Median Home Value | $155,856 |
| Average Home Value | $195,601 |
Housing Distribution
Address Breakdown
Residential
3,697
Single Family
3,474
Multi-Family
223
Businesses
428
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Listed by: Alene Joyner • Re/Max Alliance Realtors
Mls Name: New Mexico MLS
Mls ID: #20254862