108 W Park StHobbsNM88240
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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
Rental property for sale in Hobbs at 108 W Park St, Hobbs, NM, 88240 offers $1,091/mo rent that, after a $671/mo payment, leaves $284/mo cash flow. Total monthly income is $1,091/mo, and annual cash flow is $3,404/yr on $45,416 cash. Return on cash invested measures 27.4% in year one, and rental yield stands at 9.56% at a $137,000 entry. Equity gained on principal adds $884/yr while 5% annual appreciation compounds into $37,851 by year five. Five-year ROI records 142.69% and total cumulative return in cash reaches $64,804. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,091/mo property income versus a $671/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88240, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,431 (100%) |
| Owner Occupied HU | 9,019 (54.9%) |
| Renter Occupied HU | 5,646 (34.4%) |
| Vacant Housing Units | 1,766 (10.7%) |
| Median Home Value | $198,787 |
| Average Home Value | $233,433 |
Housing Distribution
Address Breakdown
Residential
15,706
Single Family
14,019
Multi-Family
1,687
Businesses
1,543
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Listed by: Justin Savell • Found Real Estate
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20251145
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.