1608 19th StEuniceNM88231
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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
Rental property for sale in Eunice at 1608 19th St, Eunice, NM, 88231 generates $900/mo in rent, after a $1,101/mo payment. Total monthly income is $900/mo. Return on cash invested sits at 13.15% in year one, and rental yield is 4.8% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 66.17% and total cumulative return in cash sums $49,353. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Manufactured
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88231, Eunice, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,320 (100%) |
| Owner Occupied HU | 841 (63.7%) |
| Renter Occupied HU | 331 (25.1%) |
| Vacant Housing Units | 148 (11.2%) |
| Median Home Value | $171,232 |
| Average Home Value | $185,056 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
101
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Listed by: Allie Etier • Found Real Estate
Mls Name: New Mexico MLS
Mls ID: #20255638