8835 Highway 187GarfieldNM87936
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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 Garfield at 8835 Highway 187, Garfield, NM, 87936 generates $1,213/mo in rent and, after a $685/mo payment, leaves $392/mo in cash flow. Total monthly income is $1,213/mo, and annual cash flow is $4,698/yr on $46,410 invested. Return on cash invested sits at 30.03% in year one, and rental yield is 10.4% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 156.74% and total cumulative return in cash sums $72,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,213/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87936, Garfield, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 180 (100%) |
| Owner Occupied HU | 129 (71.7%) |
| Renter Occupied HU | 24 (13.3%) |
| Vacant Housing Units | 27 (15.0%) |
| Median Home Value | $150,962 |
| Average Home Value | $281,570 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
7
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Listed by: Connie E Campos • EXIT Realty Horizons
Mls Name: SNMMLS
Mls ID: #2501545
Disclaimer: The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.