1206 W Centre AveArtesiaNM88210
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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 Artesia at 1206 W Centre Ave, Artesia, NM, 88210 uses $54,698 cash to close to unlock $4,249/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,323/mo, and a $808/mo payment keeps the spread at $354/mo. Purchase price stands at $165,000, and rental yield measures 9.62% with $1,323/mo rent. Return on cash invested shows 27.68% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 144.16% and total cumulative return in cash records $78,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,323/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,681 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
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Listed by: Kasandra Geeslin • Berkshire Hathaway Home Services Enchanted Lands - Roswell
Mls Name: New Mexico MLS
Mls ID: #20256836