9 Saint Joseph DrMontezumaNM87731
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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 Montezuma at 9 Saint Joseph Dr, Montezuma, NM, 87731 priced at $360,000 converts $1,727/mo rent into after a $1,762/mo obligation. Total monthly income equals $1,727/mo. Return on cash invested prints 16.03% in year one, and rental yield reads 5.76% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 81.6% and total cumulative return in cash sums $97,377. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,727/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1959
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87731, Montezuma, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 91 (52.9%) |
| Renter Occupied HU | 18 (10.5%) |
| Vacant Housing Units | 63 (36.6%) |
| Median Home Value | $393,750 |
| Average Home Value | $403,819 |
Housing Distribution
Address Breakdown
Residential
55
Single Family
55
Multi-Family
0
Businesses
5
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Listed by: Kurtis Quintana • Home & Land Professionals
Mls Name: New Mexico MLS
Mls ID: #20253763