1500 S Avenue GPortalesNM88130
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 Portales at 1500 S Avenue G, Portales, NM, 88130 at $491,000 posts ROI 9.45% with from $1,463/mo rent. Total monthly income equals $1,463/mo. Return on cash invested measures 9.45% and rental yield reads 3.58% at the current $491,000. Equity gained on principal adds $3,168/yr, and 5% annual appreciation supports $135,654 by year five. Five-year ROI prints 46.34% and total cumulative return in cash totals $75,434. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,463/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2024
9,901 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88130, Portales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,929 (100%) |
| Owner Occupied HU | 4,003 (50.5%) |
| Renter Occupied HU | 2,710 (34.2%) |
| Vacant Housing Units | 1,216 (15.3%) |
| Median Home Value | $158,948 |
| Average Home Value | $196,922 |
Housing Distribution
Address Breakdown
Residential
6,832
Single Family
6,695
Multi-Family
137
Businesses
473
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Illeana Griego • Southwest Real Estate
Mls Name: New Mexico MLS
Mls ID: #20250223