941 Calle Mejia APT 1607Santa FeNM87501
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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 Santa Fe at 941 Calle Mejia APT 1607, Santa Fe, NM, 87501 earns $305/mo cash flow from $1,878/mo rent with a $1,312/mo payment. Total monthly income totals $1,878/mo, and annual cash flow totals $3,656/yr on $88,842 capital. ROI tracks 24.02% on current figures, and rental yield reads 8.41% at a $268,000 purchase. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash sums $110,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,878/mo property income instead of your personal income.
Condo
Built in 1979
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87501, Santa Fe, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,095 (100%) |
| Owner Occupied HU | 5,236 (51.9%) |
| Renter Occupied HU | 2,987 (29.6%) |
| Vacant Housing Units | 1,872 (18.5%) |
| Median Home Value | $731,150 |
| Average Home Value | $895,812 |
Housing Distribution
Address Breakdown
Residential
8,688
Single Family
7,953
Multi-Family
735
Businesses
1,573
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Listed by: Monica McLin • Keller Williams Realty
Mls Name: SFARMLS
Mls ID: #202502623