3774 Cattle Dr NE, Rio Rancho, NM
Deal Overview - Investors Only
Albuquerque, NM | Co-Living | Turnkey like new 2005 build
3bed/2bath 1,344 sq ft - fully renovated, vacant, ready to go.
Fully renovated - zero rehab needed
Vacant - place tenants day one
- Purchase Price: $297,000
- ARV: $320,000
- Equity at Purchase: $23,000
- Loan-to-Value (LTV): 70%
- Loan Amount: $207,900
- Down Payment: $89,100
- Monthly Rent: $2,900
- Annual Gross Rent: $34,800
- PITI: $1,250/month ($15,000/year)
- Monthly Rent: $2,900
- Monthly Cash Flow: ~$983
- Annual Cash Flow: ~$11,800
- Cash-on-Cash Return: 13.2%
- Year-1 Total ROI: 39.1%
- Loan: 70% LTV DSCR
Why This Works
- Acquired at approximately 7.2% below ARV
- Produces approximately $983/month in projected cash flow after reserves and debt service
- Delivers 13%+ cash-on-cash return
- Creates $23,000 in immediate equity
- Strong combination of cash flow and equity growth
Property Details
| Property Type | Residential |
|---|---|
| LotSize | 1344 sqft |
| Year Built | 2005 |
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Reviews
Robb did an outstanding job helping an old friend of mine relocate to Rio Rancho. Moving to a new area can feel overwhelming, but Robb made the entire process smooth and stress-free from start to...
03/30/2026 - Smarty - ProEdge Marketing
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Mountain View Realty was exceptional!! Robb was genuinely concerned and sensitive to my needs as a Personal Representative of an Estate. He communicated clearly, thoroughly and explained the process...
07/15/2025 - Gloria
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Robb was incredibly helpful throughout the process of selling my late father’s house. He made the process easy, even though I live in another state, and secured top dollar for the property. He was...
04/12/2025 - Clay Carpenter
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Robb is the man!!! He’s sold several properties for us. Knowledgable, timely, and goes the extra mile. I highly recommend him!
09/01/2024 - Eliot Tomaszewski
I have worked with Robb over the years and his caring and compassionate manner, along with his through understanding of the Albuquerque and Rio Rancho real estate market, make him one of the best...
07/30/2024 - Spencer Lewallen
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View more reviewsRobb (and his partner/wife Penny) were so wonderful to work with to sell my father-in-law’s home while I was states away. They handled everything from finding an investor for a quick sale to...
07/26/2024 - Tracy
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