1308 Ross StClovisNM88101
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 Clovis at 1308 Ross St, Clovis, NM, 88101 generates $1,153/mo in rent and, after a $551/mo payment, leaves $477/mo in cash flow. Total monthly income is $1,153/mo, and annual cash flow is $5,722/yr on $37,304 invested. Return on cash invested sits at 35.25% in year one, and rental yield is 12.3% on a $112,530 entry. Equity gained on principal adds $726/yr, while 5% annual appreciation builds toward $31,090 over five years. Five-year ROI reaches 184.84% and total cumulative return in cash sums $68,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,153/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #20252855