2423 N Bensing RdHobbsNM88240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2423 N Bensing Rd, Hobbs, NM, 88240 at $183,000 posts ROI 22.02% with $107/mo cash flow from $1,181/mo rent. Total monthly income equals $1,181/mo, and annual cash flow records $1,279/yr on $60,665 to close. Return on cash invested measures 22.02% and rental yield reads 7.74% at the current $183,000. Equity gained on principal adds $1,181/yr, and 5% annual appreciation supports $50,560 by year five. Five-year ROI prints 113.74% and total cumulative return in cash totals $68,999.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,181/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
N/A 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: Erika Reza • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252495
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.