2520 W Lakeview DrHobbsNM88240
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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 Hobbs at 2520 W Lakeview Dr, Hobbs, NM, 88240 generates $2,219/mo in rent and, after a $1,566/mo payment, leaves $341/mo in cash flow. Total monthly income is $2,219/mo, and annual cash flow is $4,092/yr on $106,080 invested. Return on cash invested sits at 23.77% in year one, and rental yield is 8.32% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash sums $130,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,219/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
10,079 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: Rodney Davis • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20254054