Carmel Plan, Rancho Santa TeresaSanta TeresaNM88008
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: Carmel Plan, Rancho Santa Teresa, Santa Teresa, NM, 88008 in Santa Teresa at $395,950 earns $2,340/mo in rent and nets $16/mo after the $1,877/mo payment, a 7.09% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $109,394 over five years. Ziffy Mortgage underwrites this on a 1.25 DSCR without U.S. credit history. With $3,319/yr in principal paydown, total projected return reaches $143,163.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 3.8% |
| Monthly Cash Flow | $16 | $285 |
City averages based on Santa Teresa market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $2,263 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88008, Santa Teresa, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,131 (100%) |
| Owner Occupied HU | 3,152 (76.3%) |
| Renter Occupied HU | 806 (19.5%) |
| Vacant Housing Units | 173 ( 4.2%) |
| Median Home Value | $245,600 |
| Average Home Value | $290,603 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,421
Multi-Family
319
Businesses
253
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A
