1509 W Hank AveArtesiaNM88210
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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 Artesia at 1509 W Hank Ave, Artesia, NM, 88210 earns $844/mo cash flow from $2,599/mo rent with a $1,463/mo payment. Total monthly income totals $2,599/mo, and annual cash flow totals $10,134/yr on $99,119 capital. ROI tracks 30.13% on current figures, and rental yield reads 10.43% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 157.26% and total cumulative return in cash sums $155,878. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,599/mo property income instead of your personal income.
Multi Family
Built in N/A
7,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
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Listed by: Karen Miller • Harwell & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256045