Santa Fe, NM — Rental Investment Analysis
🔴POOR— negative cash flow likelyCap Rate
1.7%
Below average
Monthly Cash Flow
-$2,341
After all expenses
Price-to-Rent
23.9
Overpriced for rent
DSCR
0.27
Fails
📊 Key Metrics
- Median Home Price
- $646,703
- Average Rent (3BR)
- $1,970/mo
- Price-to-Rent Ratio
- 23.9(high)
- 1% Rule
- 0.35%(fails — need 1%+)
- Cash-on-Cash Return
- -20.2%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.9%(+0.6% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -1.4% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.67%
of assessed value (NM avg)
Median Income
$53,992
household (NM avg)
Rent-to-Income
43.8%
Stretched
Section 8 Max Rent
$1,970/mo
3BR voucher payment
🏛️ NM Investor Climate
Landlord Friendly
5/10
State Income Tax
Has state tax
Property Tax
0.67% effective
Population Trend
-1.4% (3yr)