1827 N Gila DrHobbsNM88240
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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 Hobbs at 1827 N Gila Dr, Hobbs, NM, 88240 listed at $257,000 pairs $2,987/mo rent with a $1,258/mo payment to leave $1,478/mo cash flow. Total monthly income runs $2,987/mo, and annual cash flow reaches $17,741/yr on $85,196 cash to close. Return on cash invested measures 40.73% in year one, and rental yield registers 13.95% at a $257,000 basis. Equity gained on principal adds $1,658/yr, and annual property appreciation at 5% supports $71,004 by year five. Five-year ROI tracks 214.14% and total cumulative return in cash totals $182,436. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,987/mo property income relative to a $1,258/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88240, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,431 (100%) |
| Owner Occupied HU | 9,019 (54.9%) |
| Renter Occupied HU | 5,646 (34.4%) |
| Vacant Housing Units | 1,766 (10.7%) |
| Median Home Value | $198,787 |
| Average Home Value | $233,433 |
Housing Distribution
Address Breakdown
Residential
15,706
Single Family
14,019
Multi-Family
1,687
Businesses
1,543
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Listed by: Martha Thomas • Casa Oasis Realty
Mls Name: New Mexico MLS
Mls ID: #20256310