941 Calle Mejia APT 514Santa 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 514, Santa Fe, NM, 87501 offers a 12% rental yield on a $230,000 purchase with $2,300/mo rent. Total monthly income registers $2,300/mo, and a $1,126/mo payment leaves $950/mo available for distribution. Annual cash flow reaches $11,397/yr on $76,245 to close, and return on cash invested stands at 34.86% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 182.59% and total cumulative return in cash at $139,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,300/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A 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: Grant Alexander • Barker Realty, LLC
Mls Name: SFARMLS
Mls ID: #202503176