2624 West AveArtesiaNM88210
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 Artesia at 2624 West Ave, Artesia, NM, 88210 uses $89,505 cash to close to unlock $3,897/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $1,910/mo, and a $1,322/mo payment keeps the spread at $325/mo. Purchase price stands at $270,000, and rental yield measures 8.49% with $1,910/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 125.79% and total cumulative return in cash records $112,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,910/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Manufactured
Built in 1980
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ramona Kilpatrick • Re/Max Axiom
Mls Name: New Mexico MLS
Mls ID: #20254716