941 Calle Mejia APT 321Santa 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 321, Santa Fe, NM, 87501 listed at $210,000 pairs $1,432/mo rent with a $1,028/mo payment to leave $199/mo cash flow. Total monthly income runs $1,432/mo, and annual cash flow reaches $2,391/yr on $69,615 cash to close. Return on cash invested measures 23.34% in year one, and rental yield registers 8.18% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 120.89% and total cumulative return in cash totals $84,160. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,432/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
435.60 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: Chloe Crespi • Sotheby's Int. RE/Grant
Mls Name: SFARMLS
Mls ID: #202503212