1109 N Spring StCarlsbadNM88220
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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 Carlsbad at 1109 N Spring St, Carlsbad, NM, 88220 uses $38,123 cash to close to unlock $2,317/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $878/mo, and a $563/mo payment keeps the spread at $193/mo. Purchase price stands at $115,000, and rental yield measures 9.16% with $878/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 135.28% and total cumulative return in cash records $51,573. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $878/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
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Listed by: RANDELL CAMPBELL • CAMPBELL & CAMPBELL REAL ESTATE SERVICES
Mls Name: Xome
Mls Provider:
Mls ID: #N/A