119 E 17th LnPortalesNM88130
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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 119 E 17th Ln, Portales, NM, 88130 uses $39,747 cash to close to unlock $2,629/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $923/mo, and a $587/mo payment keeps the spread at $219/mo. Purchase price stands at $119,900, and rental yield measures 9.24% with $923/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 138% and total cumulative return in cash records $54,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $923/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,534 sqft 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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Listed by: Jared English • Congress Realty, Inc.
Mls Name: New Mexico MLS
Mls ID: #20256602