1610 W Ray 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
Rental property for sale in Artesia at 1610 W Ray Ave, Artesia, NM, 88210 priced at $297,360 converts $2,052/mo rent into $307/mo cash flow after a $1,455/mo obligation. Total monthly income equals $2,052/mo, and annual cash flow totals $3,685/yr on $98,575 invested. Return on cash invested prints 23.65% in year one, and rental yield reads 8.28% against a $297,360 entry. Equity gained on principal adds $1,919/yr, while 5% annual appreciation compiles into $82,155 by year five. Five-year ROI reaches 122.51% and total cumulative return in cash sums $120,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,052/mo property income covering a $1,455/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.88 Acres 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: Kerry Mccullar • Re/Max Axiom
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20251454
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.