207 N Michigan AveRoswellNM88201
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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
Rental property for sale in Roswell at 207 N Michigan Ave, Roswell, NM, 88201 priced at $187,000 pairs $1,403/mo rent with $306/mo cash flow after a $915/mo payment. Total monthly income equals $1,403/mo, and annual cash flow comes to $3,668/yr on $61,991 invested. Return on cash invested is 25.83% in year one, and rental yield stands at 9% on a $187,000 basis. Equity gained on principal adds $1,207/yr, and 5% annual appreciation accumulates to $51,665 by year five. Five-year ROI measures 134.18% and total cumulative return in cash reaches $83,178. For financing, Ziffy Mortgage’s DSCR program evaluates $1,403/mo property income against a $915/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88201, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,560 (100%) |
| Owner Occupied HU | 7,342 (63.5%) |
| Renter Occupied HU | 2,886 (25.0%) |
| Vacant Housing Units | 1,332 (11.5%) |
| Median Home Value | $228,408 |
| Average Home Value | $285,709 |
Housing Distribution
Address Breakdown
Residential
10,479
Single Family
9,805
Multi-Family
674
Businesses
1,079
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Listed by: Karla Crow • Re/Max First Place Realtors Roswell
Mls Name: New Mexico MLS
Mls ID: #20256615