1402 W Avenue LLovingtonNM88260
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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 Lovington at 1402 W Avenue L, Lovington, NM, 88260 uses $102,765 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $2,204/mo, and a $1,517/mo payment keeps the spread at $338/mo. Purchase price stands at $310,000, and rental yield measures 8.53% with $2,204/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 123.77% and total cumulative return in cash records $127,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,204/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2016
9,456 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88260, Lovington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,528 (100%) |
| Owner Occupied HU | 3,771 (68.2%) |
| Renter Occupied HU | 1,256 (22.7%) |
| Vacant Housing Units | 501 ( 9.1%) |
| Median Home Value | $212,473 |
| Average Home Value | $276,707 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,869
Multi-Family
139
Businesses
563
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Listed by: Rose Sanchez • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20251684
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.