861 Katherine AveFarmingtonNM87401
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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 Farmington at 861 Katherine Ave, Farmington, NM, 87401 priced at $239,000 pairs $1,693/mo rent with $290/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,693/mo, and annual cash flow comes to $3,480/yr on $79,229 invested. Return on cash invested is 24.3% in year one, and rental yield stands at 8.5% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 125.97% and total cumulative return in cash reaches $99,804. For financing, Ziffy Mortgage’s DSCR program evaluates $1,693/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2009
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87401, Farmington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,834 (100%) |
| Owner Occupied HU | 11,679 (58.9%) |
| Renter Occupied HU | 6,029 (30.4%) |
| Vacant Housing Units | 2,126 (10.7%) |
| Median Home Value | $209,464 |
| Average Home Value | $224,904 |
Housing Distribution
Address Breakdown
Residential
15,432
Single Family
14,640
Multi-Family
792
Businesses
1,527
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Listed by: Elizabeth A McGinness-DiGiacomo • R1 New Mexico Farmington
Mls Name: SJCMLS
Mls ID: #25-1019