1440 Fairmont CtClovisNM88101
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
Investment property for sale in Clovis at 1440 Fairmont Ct, Clovis, NM, 88101 earns $267/mo cash flow from $1,000/mo rent with a $611/mo payment. Total monthly income totals $1,000/mo, and annual cash flow totals $3,207/yr on $41,404 capital. ROI tracks 27.65% on current figures, and rental yield reads 9.61% at a $124,900 purchase. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 over five years. Five-year ROI reaches 144.07% and total cumulative return in cash sums $59,650. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,000/mo property income instead of your personal income.
Single Family
Built in 1971
10,402 sqft 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: Katharine Fly • Sagebrush Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256417