2304 Mills DrRoswellNM88203
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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 2304 Mills Dr, Roswell, NM, 88203 offers a 9.55% rental yield on a $155,000 purchase with $1,234/mo rent. Total monthly income registers $1,234/mo, and a $759/mo payment leaves $324/mo available for distribution. Annual cash flow reaches $3,887/yr on $51,383 to close, and return on cash invested stands at 27.47% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 142.98% and total cumulative return in cash at $73,468. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,234/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
8,851 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: Matthew Jauriqui • Mcdaniel Home Solutions
Mls Name: New Mexico MLS
Mls ID: #20260337