2100 N Gary LnHobbsNM88240
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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 2100 N Gary Ln, Hobbs, NM, 88240 priced at $210,300 converts $2,318/mo rent into $1,084/mo cash flow after a $1,029/mo obligation. Total monthly income equals $2,318/mo, and annual cash flow totals $13,007/yr on $69,714 invested. Return on cash invested prints 38.57% in year one, and rental yield reads 13.23% against a $210,300 entry. Equity gained on principal adds $1,357/yr, while 5% annual appreciation compiles into $58,102 by year five. Five-year ROI reaches 202.46% and total cumulative return in cash sums $141,146. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,318/mo property income covering a $1,029/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.27 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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Listed by: N/A • N/A
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Mls ID: #N/A