912 W Highland AveBloomfieldNM87413
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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 Bloomfield at 912 W Highland Ave, Bloomfield, NM, 87413 uses $99,119 cash to close to unlock $2,250/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,942/mo, and a $1,463/mo payment keeps the spread at $187/mo. Purchase price stands at $299,000, and rental yield measures 7.79% with $1,942/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 114.6% and total cumulative return in cash records $113,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,942/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87413, Bloomfield, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 3,688 (64.8%) |
| Renter Occupied HU | 1,332 (23.4%) |
| Vacant Housing Units | 672 (11.8%) |
| Median Home Value | $204,293 |
| Average Home Value | $249,393 |
Housing Distribution
Address Breakdown
Residential
4,502
Single Family
4,452
Multi-Family
50
Businesses
296
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Listed by: Ralph Harvey • ListwithFreedom.com
Mls Name: SJCMLS
Mls ID: #24-1200