1124 Gila StClovisNM88101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Clovis at 1124 Gila St, Clovis, NM, 88101 offers a 9.56% rental yield on a $125,000 purchase with $996/mo rent. Total monthly income registers $996/mo, and a $612/mo payment leaves $262/mo available for distribution. Annual cash flow reaches $3,146/yr on $41,438 to close, and return on cash invested stands at 27.5% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 143.24% and total cumulative return in cash at $59,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $996/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johan Rascon Chavez • Better Homes & Gardens Real Estate Experience
Mls Name: New Mexico MLS
Mls ID: #20255795