90 Herrada RdSanta FeNM87508
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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 Santa Fe at 90 Herrada Rd, Santa Fe, NM, 87508 priced at $559,000 converts $3,000/mo rent into after a $2,736/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 17.89% in year one, and rental yield reads 6.44% against a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation compiles into $154,441 by year five. Five-year ROI reaches 91.73% and total cumulative return in cash sums $168,699. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,736/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1.59 Acres lot
$N/A/sqft
$610 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87508, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,135 (100%) |
| Owner Occupied HU | 7,361 (80.6%) |
| Renter Occupied HU | 1,153 (12.6%) |
| Vacant Housing Units | 621 ( 6.8%) |
| Median Home Value | $610,899 |
| Average Home Value | $678,724 |
Housing Distribution
Address Breakdown
Residential
8,472
Single Family
8,472
Multi-Family
0
Businesses
303
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Listed by: Sue Garfitt • Santa Fe Properties
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202501601
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.