2919 N Cliffwood CirHobbsNM88240
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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 2919 N Cliffwood Cir, Hobbs, NM, 88240 generates $3,940/mo in rent and, after a $2,217/mo payment, leaves $1,281/mo in cash flow. Total monthly income is $3,940/mo, and annual cash flow is $15,376/yr on $150,170 invested. Return on cash invested sits at 30.15% in year one, and rental yield is 10.44% on a $453,000 entry. Equity gained on principal adds $2,923/yr, while 5% annual appreciation builds toward $125,156 over five years. Five-year ROI reaches 157.34% and total cumulative return in cash sums $236,280. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,940/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
N/A 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: Cindy Shoobridge • Robinson & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20253839