934 HOPE Avenue

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934 HOPE Avenue

Farmington, NM 87401
Asking Price
$45K
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Available for sale in Farmington New Mexico
  • Land parcel suitable for residential portfolio expansion
  • Located at 934 Hope Avenue in the 87401 zip
  • Priced at 44900 for investment purposes
  • Supports strategy for single family rental growth

What's Special

This land parcel in Farmington, New Mexico, is available for sale and presents a practical acquisition for an investor focused on the single family rental portfolio market. Situated at 934 Hope Avenue, this asset is positioned within a regional landscape known for its energy sector roots and growing suburban residential development. The property provides a straightforward addition to an existing investment portfolio in a city that benefits from consistent demand for housing driven by local labor needs and a stable population base. Investors looking to expand their footprint in San Juan County may find this offering fits well within a development or holding strategy. The local economy in Farmington remains tied to natural resource sectors, which historically provides a steady tenant base for residential properties in the area. Given the current zoning context and market trends in the region, this land represents a manageable project for those seeking to diversify their real estate holdings in a secondary market.

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NOI
$80,000
Cap Rate
178.17%
DSCR
30.01
Strong
Cash-on-Cash
574.12%
Monthly Payment
$222.141
Annual Cash Flow
$77,334.312

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