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5
Rent up to $2,217; Values hold firm
Updated 14 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with market data suggesting monthly income between $2,099 and $2,395. These figures align well with comparable local listings, positioning the home as a competitive choice for prospective tenants. With a healthy estimated yield of 11.58%, this investment offers solid income generation. The market remains active, and given the consistent rental demand, the property stands out as a reliable opportunity for steady long-term cash flow.
More about this home
Neighborhood Assessment
615 2nd St SW sits in a mostly residential pocket of Rio Rancho with half‑acre lots, a mix of manufactured and single‑family homes, and several vacant parcels that hint at slow but ongoing infill. Nearby zests in the mid‑200Ks suggest solid support around the current 230K–270K value range. Walkability is moderate—you’re not in a true “park‑the‑car” area, but daily needs, bigger retail, and services in central Rio Rancho are a short drive away. School ratings are decent (elementary 5/10, middle and high 7/10), which helps long‑term resale and rental demand for a 3 bed, 2 bath, 1.3K sqft home on a roomy lot.
Market Activity
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Rental Income
$27K
Yield
11.6%
Appreciation
$882
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers significant lifestyle benefits and creates a fresh, move-in-ready feel that buyers love. While the price per square foot sits at 230 dollars versus 234 dollars, these updates ensure your home remains competitive and inviting. This project enhances your rent potential, reaching up to 2173 dollars compared to the 2161 dollar baseline. With a slight change of negative 1.56 percent in price per square foot, prioritize upgrades that truly elevate your personal comfort.
Comps
5
Buy-Rehab-Rent
This property shows solid rental potential with monthly income projected at $2,161. An 8.7% yield offers a reliable return, though investors must strictly control renovation costs, as market data suggests limited upside for additional value. Post-renovation values range between $284,000 and $314,000. Because the current flip potential is low, success depends on acquiring the asset significantly below market value to ensure immediate equity creation and long-term cash flow stability.
Rental Income
$26K
Yield
8.7%
Appreciation
$1K
Year 1 Estimates, Post Typical Renovation
Asking price
$233K
+98% · 9 yrs
615 2nd St SW, Rio Rancho Investment Report: Flip & Rental Analysis · Frontflip