2922 Sabrita 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
Investment property for sale in Hobbs at 2922 Sabrita Cir, Hobbs, NM, 88240 with 5% annual appreciation on a $339,000 basis while $1,181/mo rent supports operations. 28% in year one. Equity gained on principal adds $2,188/yr, and five-year appreciation sums $93,659 alongside rental yield of 4.18%. Five-year ROI measures 56.13% and total cumulative return in cash totals $63,076. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,181/mo property income versus a $1,659/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
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: Nancy Espinoza • Rivas Real Estate Team Co.
Mls Name: New Mexico MLS
Mls ID: #20256905