9 Corte AgaveEdgewoodNM87015
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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 Edgewood at 9 Corte Agave, Edgewood, NM, 87015 offers $1,478/mo rent that, after a $1,909/mo payment. Total monthly income is $1,478/mo. Return on cash invested measures 12.38% in year one, and rental yield stands at 4.55% at a $390,000 entry. Equity gained on principal adds $2,517/yr while 5% annual appreciation compounds into $107,750 by year five. Five-year ROI records 62.05% and total cumulative return in cash reaches $80,216. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,478/mo property income versus a $1,909/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87015, Edgewood, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,790 (100%) |
| Owner Occupied HU | 4,677 (80.8%) |
| Renter Occupied HU | 516 ( 8.9%) |
| Vacant Housing Units | 597 (10.3%) |
| Median Home Value | $346,191 |
| Average Home Value | $362,049 |
Housing Distribution
Address Breakdown
Residential
4,709
Single Family
4,690
Multi-Family
19
Businesses
246
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Listed by: Medina Real Estate Inc • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1097040