Is Sandia Heights, NM a good place to invest in rental property?

Sandia Heights, NM has a median modeled monthly cash flow of $-3,228 and a median cap rate of 1.9%, on a median sold price of $799,000. Prices changed +2.2% year over year.

What is the average cap rate in Sandia Heights, NM?

The median cap rate across recently sold homes in Sandia Heights, NM is 1.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sandia Heights, NM?

The median sold price in Sandia Heights, NM is $799,000 (about $276 per square foot).

Investing in Sandia Heights, NM Real Estate

A data-driven snapshot of the Sandia Heights, NM rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$799,000Median sold price

$276Median $/sqft

1.9%Median cap rate

$-3,228Modeled cash flow / mo

+2.2%Appreciation YoY

9.3Months of supply

58Active listings

75Sold (last 12 mo)

What the Sandia Heights numbers say

In Sandia Heights, NM, the median home sold for $799,000 (about $276 per square foot), and the typical deal models out to a 1.9% cap rate with a median $-3,228 of monthly cash flow. Sold prices moved +2.2% over the past year. Inventory sits at about 9.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Mexico markets to compare

See Sandia Heights cash-flowing listings

CashFlowRE ranks every for-sale home in Sandia Heights, NM by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Sandia Heights deals, or browse the national market data.