2308 N Charlcia BlvdHobbsNM88240
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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 Hobbs at 2308 N Charlcia Blvd, Hobbs, NM, 88240 listed at $225,000 pairs $1,556/mo rent with a $1,101/mo payment to leave $236/mo cash flow. Total monthly income runs $1,556/mo, and annual cash flow reaches $2,827/yr on $74,588 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 8.3% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 122.77% and total cumulative return in cash totals $91,569. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,556/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
7,501 sqft 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: Crystal Chavez • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20254925