209 Lawrence Ranch RdArtesiaNM88210
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 Artesia at 209 Lawrence Ranch Rd, Artesia, NM, 88210 at $215,000 posts ROI 23.28% with $200/mo cash flow from $1,462/mo rent. Total monthly income equals $1,462/mo, and annual cash flow records $2,405/yr on $71,273 to close. Return on cash invested measures 23.28% and rental yield reads 8.16% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 120.55% and total cumulative return in cash totals $85,921.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,462/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1997
5.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
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Nearby investment properties with comparable prices
Listed by: Roxann Johnson • Century 21 Black Gold
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20245811
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.