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44
Values up to $1.52M, 24 sales deep
Updated 13 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows solid potential for rental income, with projected monthly earnings between $4,158 and $4,519. Given the area's current market trends, this income range offers a stable foundation for a long-term investment strategy. Investors can expect a gross rental yield of approximately 4.18%. This competitive return, paired with the property's generous square footage, makes it an attractive option for those seeking a reliable addition to their real estate portfolio.
More about this home
Neighborhood Assessment
Rancho Alegre S in Santa Fe offers prime rural appeal on 15.95 acres with forever views—perfect for buyers craving privacy and that classic Southwest vibe. You've got a spacious 4-bed, 3-bath, 4.6K sqft home plus ADU, solar perks, and horse-friendly zoning. Schools are mixed (elementary 3/10, middle 6/10), but the real draw is low crime, community feel, and comps like nearby 4.5K sqft homes zestimating ~$880K. It's not super walkable, you know, more for nature lovers than urbanites. Market's steady; listed at $1.25M after a $105K cut, 176 days on market shows patience needed. Comp homes on 11-17 acres hover $700K-$900K, signaling solid value for land but room to shine with updates.
Market Activity
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Rental Income
$52K
Yield
4.2%
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates a refreshed, inviting atmosphere that resonates with buyers. While market averages show a price per square foot of $285 versus $240 for updated homes, these projects unlock significant lifestyle benefits and tenant appeal. Upgrading ensures your home remains competitive and desirable in a changing market. With potential rental income reaching $5,295, these enhancements help capture premium interest, creating a more flexible asset that stands out for its quality and care.
Comps
3
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $1,073,000 and $1,186,000. Leveraging the 4,595 square footage, the renovation strategy aims to stabilize long-term equity in a competitive, high-end market segment. Projected monthly rental income reaches $5,100, providing an annual gross return of $61,200. With a 5.4% yield, the asset serves as a reliable income generator, balancing steady cash flow with strong market-based appreciation prospects.
Rental Income
$61K
Yield
5.4%
Year 1 Estimates, Post Typical Renovation
Asking price
$1.1M
$163.3K below comp median
Comparative Market Analysis
$731K – $1.8M
~212 days to sell
Based on 8 comps
52 Bonanza Trail, Santa Fe Investment Report: Flip & Rental Analysis · Frontflip