201 W Apache 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
Rental property for sale in Hobbs at 201 W Apache Dr, Hobbs, NM, 88240 priced at $313,200 converts $2,502/mo rent into $664/mo cash flow after a $1,533/mo obligation. Total monthly income equals $2,502/mo, and annual cash flow totals $7,964/yr on $103,826 invested. Return on cash invested prints 27.58% in year one, and rental yield reads 9.59% against a $313,200 entry. Equity gained on principal adds $2,021/yr, while 5% annual appreciation compiles into $86,531 by year five. Five-year ROI reaches 143.56% and total cumulative return in cash sums $149,056. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,502/mo property income covering a $1,533/mo payment, not borrower’s personal income.
Multi Family
Built in 1965
0.72 Acres 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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