2812 Browning AveArtesiaNM88210
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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 Artesia at 2812 Browning Ave, Artesia, NM, 88210 uses $174,370 cash to close to unlock $2,991/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $3,360/mo, and a $2,594/mo payment keeps the spread at $249/mo. Purchase price stands at $530,000, and rental yield measures 7.61% with $3,360/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 112.41% and total cumulative return in cash records $196,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 2020
7,731 sqft 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
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Listed by: Becky Harwell • Harwell & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256203