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$280,000

NAL Estimated Property Value

5609 Wales Dr, Santa Teresa, NM, 88008

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,666 Sq Ft
Single Family ResidenceSingle Family Residence
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDishwasher, Disposal, Free-Standing Gas Oven, Microwave, Refrigerator, Tankless Water Heater
FlooringLaminate, Carpet

Exterior

Private PoolPrivate Pool
Lot Size6,847 sqft

Building Information

Year Built2011
Stories1
Roof Type158
Garage Spaces380

Land Information

APN4-015-165-085-421
Lot Number13
SubdivisionEdgemont Subdivision Phase 2
Land UseResidential
Legal DescriptionSUBD: EDGEMONT SUBDIVISION PHASE 2 (BK 22 PG 744-746 - 0926018) LOT: 13 BLOCK: G S: 16 T: 28S R: 3E
Census Tract001701
Assessed Land Value$11,667
Assessed Improvement Value$75,011
Assessment Year2025

About this property

**Charming Single-Level Home in Edgemont, Santa Teresa, NM** Welcome to 5609 Wales, a beautifully maintained 3-bedroom, 2-bathroom home located in the desirable Edgemont neighborhood of Santa Teresa, NM. This single-level home offers a thoughtfully designed floor plan with comfortable living spaces and modern conveniences. Enjoy energy efficiency with a tankless water heater, and take advantage of the included appliances for a move-in-ready experience. The low-maintenance, water-saving landscaping adds to the home's curb appeal while conserving resources. Situated in a prime location, this property provides easy access to shopping, dining, and major highways. Don't miss this fantastic opportunity—schedule your showing today! **Eligible for USDA**

Investor Tools

Property Icon
$280,000
Estimated Property Value
$191,858Estimated Mortgage Balance
$88,142Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,471
$86,678
2025
$11,667
$75,011
$260,034
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,471
$86,678

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Roundpoint Mortgage Servicing Corp
Conventional
$195,000
No
First
Jun 23, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,858
$88,142
31%
69%
$1,170/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,350/mo
$1,215/mo
+$135/mo
5.8%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Santa Teresa

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5609 Wales Dr | Property Details | No Agent List