1837 Quail Wood DrPortalesNM88130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Portales at 1837 Quail Wood Dr, Portales, NM, 88130 offers a 8.99% rental yield on a $235,000 purchase with $1,760/mo rent. Total monthly income registers $1,760/mo, and a $1,150/mo payment leaves $381/mo available for distribution. Annual cash flow reaches $4,570/yr on $77,903 to close, and return on cash invested stands at 25.78% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 133.88% and total cumulative return in cash at $104,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,760/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
7,801 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danny Blair • Homespot Real Estate, LLC
Mls Name: New Mexico MLS
Mls ID: #20253166