1611 S Abilene AvePortalesNM88130
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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 Portales at 1611 S Abilene Ave, Portales, NM, 88130 priced at $179,900 pairs $1,361/mo rent with $298/mo cash flow after a $881/mo payment. Total monthly income equals $1,361/mo, and annual cash flow comes to $3,576/yr on $59,637 invested. Return on cash invested is 25.91% in year one, and rental yield stands at 9.08% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 134.63% and total cumulative return in cash reaches $80,289. For financing, Ziffy Mortgage’s DSCR program evaluates $1,361/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
9,239 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
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Listed by: Beatrice Montanez • Your 1st Choice 4 Realty
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20245850
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.