2401 Echols AveClovisNM88101
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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 Clovis at 2401 Echols Ave, Clovis, NM, 88101 priced at $182,000 pairs $1,740/mo rent with $672/mo cash flow after a $891/mo payment. Total monthly income equals $1,740/mo, and annual cash flow comes to $8,059/yr on $60,333 invested. Return on cash invested is 33.27% in year one, and rental yield stands at 11.47% on a $182,000 basis. Equity gained on principal adds $1,174/yr, and 5% annual appreciation accumulates to $50,283 by year five. Five-year ROI measures 174.09% and total cumulative return in cash reaches $105,033. For financing, Ziffy Mortgage’s DSCR program evaluates $1,740/mo property income against a $891/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
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: Erica Essex • Town & Country Real Estate, Inc.
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252103
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.