86 Horizon Vista BlvdRio CommunitiesNM87002
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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 Rio Communities at 86 Horizon Vista Blvd, Rio Communities, NM, 87002 offers $1,994/mo rent that, after a $978/mo payment, leaves $821/mo cash flow. Total monthly income is $1,994/mo, and annual cash flow is $9,853/yr on $66,267 cash. Return on cash invested measures 34.78% in year one, and rental yield stands at 11.97% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 182.23% and total cumulative return in cash reaches $120,757. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,994/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87002, Belen, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,289 (100%) |
| Owner Occupied HU | 6,502 (70.0%) |
| Renter Occupied HU | 1,915 (20.6%) |
| Vacant Housing Units | 872 ( 9.4%) |
| Median Home Value | $214,461 |
| Average Home Value | $234,200 |
Housing Distribution
Address Breakdown
Residential
8,366
Single Family
8,250
Multi-Family
116
Businesses
579
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Listed by: Faithe Real Estate Group • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1094030