1600 S Avenue CPortalesNM88130
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 1600 S Avenue C, Portales, NM, 88130 earns $688/mo cash flow from $1,680/mo rent with a $827/mo payment. Total monthly income totals $1,680/mo, and annual cash flow totals $8,259/yr on $56,024 capital. ROI tracks 34.65% on current figures, and rental yield reads 11.93% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 181.57% and total cumulative return in cash sums $101,719. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,680/mo property income instead of your personal income.
Single Family
Built in 1958
8,786 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: Forrest Rutter • Your 1st Choice 4 Realty
Mls Name: New Mexico MLS
Mls ID: #20256238