1702 S 21st StArtesiaNM88210
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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 Artesia at 1702 S 21st St, Artesia, NM, 88210 listed at $292,900 pairs $2,041/mo rent with a $1,434/mo payment to leave $321/mo cash flow. Total monthly income runs $2,041/mo, and annual cash flow reaches $3,857/yr on $97,096 cash to close. Return on cash invested measures 23.88% in year one, and rental yield registers 8.36% at a $292,900 basis. Equity gained on principal adds $1,890/yr, and annual property appreciation at 5% supports $80,923 by year five. Five-year ROI tracks 123.74% and total cumulative return in cash totals $120,147. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,041/mo property income relative to a $1,434/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
8,150 sqft 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: Staci Rogers • Berkshire Hathaway Home Services Enchanted Lands - Artesia
Mls Name: New Mexico MLS
Mls ID: #20257084