1308 Lewis RdArtesiaNM88210
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
Rental property for sale in Artesia at 1308 Lewis Rd, Artesia, NM, 88210 priced at $1,995,000 pairs $6,667/mo rent with after a $9,765/mo payment. Total monthly income equals $6,667/mo. Return on cash invested is 11.01% in year one, and rental yield stands at 4.01% on a $1,995,000 basis. Equity gained on principal adds $12,873/yr, and 5% annual appreciation accumulates to $551,182 by year five. Five-year ROI measures 54.58% and total cumulative return in cash reaches $352,773. For financing, Ziffy Mortgage’s DSCR program evaluates $6,667/mo property income against a $9,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
4.81 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jon Henry • Lois Oliver Real Estate
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20240606
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.