120 E Illinois StHobbsNM88242
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 Hobbs at 120 E Illinois St, Hobbs, NM, 88242 at $205,000 posts ROI 23.88% with $225/mo cash flow from $1,428/mo rent. Total monthly income equals $1,428/mo, and annual cash flow records $2,701/yr on $67,958 to close. Return on cash invested measures 23.88% and rental yield reads 8.36% at the current $205,000. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 by year five. Five-year ROI prints 123.81% and total cumulative return in cash totals $84,138.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,428/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2006
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88242, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,107 (100%) |
| Owner Occupied HU | 2,395 (77.1%) |
| Renter Occupied HU | 481 (15.5%) |
| Vacant Housing Units | 231 ( 7.4%) |
| Median Home Value | $305,246 |
| Average Home Value | $342,977 |
Housing Distribution
Address Breakdown
Residential
3,112
Single Family
3,039
Multi-Family
73
Businesses
44
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Listed by: Anna Ortiz • Berkshire Hathaway Homes Services Enchanted Lands - Clovis
Mls Name: New Mexico MLS
Mls ID: #20254972