1708 W Hermosa DrArtesiaNM88210
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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 1708 W Hermosa Dr, Artesia, NM, 88210 listed at $340,000 pairs $3,360/mo rent with a $1,664/mo payment to leave $1,365/mo cash flow. Total monthly income runs $3,360/mo, and annual cash flow reaches $16,374/yr on $112,710 cash to close. Return on cash invested measures 34.44% in year one, and rental yield registers 11.86% at a $340,000 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,936 by year five. Five-year ROI tracks 180.34% and total cumulative return in cash totals $203,262. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,360/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
7,409 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: Alyssa Morales • Century 21 Black Gold
Mls Name: New Mexico MLS
Mls ID: #20256734