2604 W Pinson StLovingtonNM88242
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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 Lovington at 2604 W Pinson St, Lovington, NM, 88242 earns from $1,979/mo rent with a $3,622/mo payment. Total monthly income totals $1,979/mo. ROI tracks 8.41% on current figures, and rental yield reads 3.21% at a $740,000 purchase. Equity gained on principal adds $4,775/yr, and 5% annual appreciation supports $204,448 over five years. Five-year ROI reaches 40.7% and total cumulative return in cash sums $99,094. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,979/mo property income instead of your personal income.
Single Family
Built in N/A
77.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88242, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,107 (100%) |
| Owner Occupied HU | 2,395 (77.1%) |
| Renter Occupied HU | 481 (15.5%) |
| Vacant Housing Units | 231 ( 7.4%) |
| Median Home Value | $305,246 |
| Average Home Value | $342,977 |
Housing Distribution
Address Breakdown
Residential
3,112
Single Family
3,039
Multi-Family
73
Businesses
44
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Listed by: Jude Soileau • Keller Williams Realty - Cl/Ho
Mls Name: New Mexico MLS
Mls ID: #20253042