905 Millicent Rogers RdEl PradoNM87529
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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
Investment property for sale in El Prado at 905 Millicent Rogers Rd, El Prado, NM, 87529 offers a 11.23% rental yield on a $359,000 purchase with $3,360/mo rent. Total monthly income registers $3,360/mo, and a $1,757/mo payment leaves $1,253/mo available for distribution. Annual cash flow reaches $15,036/yr on $119,009 to close, and return on cash invested stands at 32.54% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 170.16% and total cumulative return in cash at $202,507. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,360/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87529, El Prado, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,722 (100%) |
| Owner Occupied HU | 2,251 (60.5%) |
| Renter Occupied HU | 726 (19.5%) |
| Vacant Housing Units | 745 (20.0%) |
| Median Home Value | $530,373 |
| Average Home Value | $557,665 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
683
Multi-Family
2
Businesses
91
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Listed by: Gary Hillman • Coldwell Banker Mountain Properties
Mls Name: Enchanted Circle
Mls ID: #114469