1900 N Penasco 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 1900 N Penasco Dr, Hobbs, NM, 88240 earns $303/mo cash flow from $1,183/mo rent with a $734/mo payment. Total monthly income totals $1,183/mo, and annual cash flow totals $3,634/yr on $49,708 capital. ROI tracks 27.22% on current figures, and rental yield reads 9.47% at a $149,950 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,428 over five years. Five-year ROI reaches 141.64% and total cumulative return in cash sums $70,406. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,183/mo property income instead of your personal income.
Single Family
Built in 1955
4,194 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: Chad Bridges • Keller Williams Realty - Cl/Ho
Mls Name: New Mexico MLS
Mls ID: #20254528