1600 Ross StClovisNM88101
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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 Clovis at 1600 Ross St, Clovis, NM, 88101 uses $39,449 cash to close to unlock $4,320/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,058/mo, and a $582/mo payment keeps the spread at $360/mo. Purchase price stands at $119,000, and rental yield measures 10.67% with $1,058/mo rent. Return on cash invested shows 30.86% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 161.11% and total cumulative return in cash records $63,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,058/mo property income covering a $582/mo payment rather than investor’s personal income.
Apartment
Built in 1948
N/A 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
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Listed by: N/A • N/A
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