209 Springfield DrClovisNM88101
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 Clovis at 209 Springfield Dr, Clovis, NM, 88101 at $294,900 posts ROI 20.03% with $9/mo cash flow from $1,740/mo rent. Total monthly income equals $1,740/mo, and annual cash flow records $114/yr on $97,759 to close. Return on cash invested measures 20.03% and rental yield reads 7.08% at the current $294,900. Equity gained on principal adds $1,903/yr, and 5% annual appreciation supports $81,475 by year five. Five-year ROI prints 103.07% and total cumulative return in cash totals $100,759.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,740/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1991
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jake Parr • Jbm Realty Group
Mls Name: New Mexico MLS
Mls ID: #20256162