2603 Sherrill LnRoswellNM88201
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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 2603 Sherrill Ln, Roswell, NM, 88201 earns $346/mo cash flow from $2,195/mo rent with a $1,542/mo payment. Total monthly income totals $2,195/mo, and annual cash flow totals $4,150/yr on $104,423 capital. ROI tracks 23.88% on current figures, and rental yield reads 8.36% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 123.74% and total cumulative return in cash sums $129,209. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,195/mo property income instead of your personal income.
Single Family
Built in 1963
10,702 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88201, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,560 (100%) |
| Owner Occupied HU | 7,342 (63.5%) |
| Renter Occupied HU | 2,886 (25.0%) |
| Vacant Housing Units | 1,332 (11.5%) |
| Median Home Value | $228,408 |
| Average Home Value | $285,709 |
Housing Distribution
Address Breakdown
Residential
10,479
Single Family
9,805
Multi-Family
674
Businesses
1,079
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Listed by: Jen Wilcox • Wilcox Realty
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252994
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.