301 S Avenue AHobbsNM88240
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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 301 S Avenue A, Hobbs, NM, 88240 priced at $115,000 converts $900/mo rent into $225/mo cash flow after a $563/mo obligation. Total monthly income equals $900/mo, and annual cash flow totals $2,698/yr on $38,123 invested. Return on cash invested prints 26.99% in year one, and rental yield reads 9.39% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 140.38% and total cumulative return in cash sums $53,517. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1950
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: Erika Reza • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20256057