1700 Morse AveClovisNM88101
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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 1700 Morse Ave, Clovis, NM, 88101 uses $74,588 cash to close to unlock $5,587/yr annual cash flow and $466/mo monthly cash flow. Total monthly income runs $1,786/mo, and a $1,101/mo payment keeps the spread at $466/mo. Purchase price stands at $225,000, and rental yield measures 9.53% with $1,786/mo rent. Return on cash invested shows 27.4% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 142.6% and total cumulative return in cash records $106,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,786/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1992
8,250 sqft 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: Jessica Paz Lombardi • Simplihom
Mls Name: New Mexico MLS
Mls ID: #20256837