941 Calle Mejia APT 607Santa 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 607, Santa Fe, NM, 87501 uses $79,560 cash to close to unlock $7,063/yr annual cash flow and $589/mo monthly cash flow. Total monthly income runs $2,300/mo, and a $1,175/mo payment keeps the spread at $589/mo. Purchase price stands at $240,000, and rental yield measures 11.5% with $2,300/mo rent. Return on cash invested shows 28.79% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 151.71% and total cumulative return in cash records $120,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,300/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1984
871.20 sqft lot
$N/A/sqft
$293 monthly 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: Keith Crow • Berkshire Hathaway HomeService
Mls Name: SFARMLS
Mls Provider:
Mls ID: #202404389
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (IDX) program of SFAR MLS, Inc. Real estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.