2111 S Richardson AveRoswellNM88203
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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
Investment property for sale in Roswell at 2111 S Richardson Ave, Roswell, NM, 88203 listed at $190,000 pairs $2,086/mo rent with a $930/mo payment to leave $971/mo cash flow. Total monthly income runs $2,086/mo, and annual cash flow reaches $11,649/yr on $62,985 cash to close. Return on cash invested measures 38.4% in year one, and rental yield registers 13.17% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 201.63% and total cumulative return in cash totals $126,996. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,086/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
7,919 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88203, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,006 (100%) |
| Owner Occupied HU | 6,846 (57.0%) |
| Renter Occupied HU | 3,724 (31.0%) |
| Vacant Housing Units | 1,436 (12.0%) |
| Median Home Value | $119,455 |
| Average Home Value | $152,297 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
10,273
Multi-Family
718
Businesses
646
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Listed by: Steven Henderson • Berkshire Hathaway Home Services Enchanted Lands - Roswell
Mls Name: New Mexico MLS
Mls ID: #20255726