1001 E 2nd StPortalesNM88130
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Portales at 1001 E 2nd St, Portales, NM, 88130 offers a 10.33% rental yield on a $136,200 purchase with $1,172/mo rent. Total monthly income registers $1,172/mo, and a $667/mo payment leaves $372/mo available for distribution. Annual cash flow reaches $4,466/yr on $45,150 to close, and return on cash invested stands at 29.8% in year one. Equity gained on principal adds $879/yr while 5% annual appreciation supports $37,630 over five years. Portfolio math shows five-year ROI at 155.55% and total cumulative return in cash at $70,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,172/mo property income against a $667/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88130, Portales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,929 (100%) |
| Owner Occupied HU | 4,003 (50.5%) |
| Renter Occupied HU | 2,710 (34.2%) |
| Vacant Housing Units | 1,216 (15.3%) |
| Median Home Value | $158,948 |
| Average Home Value | $196,922 |
Housing Distribution
Address Breakdown
Residential
6,832
Single Family
6,695
Multi-Family
137
Businesses
473
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