216 N Tennessee StClovisNM88101
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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 Clovis at 216 N Tennessee St, Clovis, NM, 88101 listed at $145,000 pairs $1,162/mo rent with a $710/mo payment to leave $311/mo cash flow. Total monthly income runs $1,162/mo, and annual cash flow reaches $3,727/yr on $48,068 cash to close. Return on cash invested measures 27.66% in year one, and rental yield registers 9.62% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 144.04% and total cumulative return in cash totals $69,236. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,162/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
N/A 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
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Listed by: Santiago Bonney • Realty One Of New Mexico - R1 Clovis
Mls Name: New Mexico MLS
Mls ID: #20257289