1504 S Globe AvePortalesNM88130
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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 Portales at 1504 S Globe Ave, Portales, NM, 88130 with 5% annual appreciation on a $355,000 basis while $2,251/mo rent supports operations. Total monthly income totals $2,251/mo and a $1,738/mo payment preserves $167/mo for cash returns. Annual cash flow comes to $2,002/yr on $117,683 deployed, and return on cash invested reaches 21.61% in year one. Equity gained on principal adds $2,291/yr, and five-year appreciation sums $98,080 alongside rental yield of 7.61%. Five-year ROI measures 111.54% and total cumulative return in cash totals $131,268.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,251/mo property income versus a $1,738/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.45 Acres 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
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Listed by: Coletta Ray • Pioneer Realty
Mls Name: New Mexico MLS
Mls ID: #20253799