1209 Cedar DrCarlsbadNM88220
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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 1209 Cedar Dr, Carlsbad, NM, 88220 listed at $390,000 pairs $2,763/mo rent with a $1,909/mo payment to leave $474/mo cash flow. Total monthly income runs $2,763/mo, and annual cash flow reaches $5,685/yr on $129,285 cash to close. Return on cash invested measures 24.31% in year one, and rental yield registers 8.5% at a $390,000 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,750 by year five. Five-year ROI tracks 126.01% and total cumulative return in cash totals $162,908. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,763/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.31 Acres 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: Lanette Rostro • Berkshire Hathaway Home Services Enchanted Lands - Carlsbad
Mls Name: New Mexico MLS
Mls ID: #20256631