302 Walker Farm RdCarlsbadNM88220
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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 Carlsbad at 302 Walker Farm Rd, Carlsbad, NM, 88220 offers $3,832/mo rent that, after a $2,496/mo payment, leaves $839/mo cash flow. Total monthly income is $3,832/mo, and annual cash flow is $10,065/yr on $167,790 cash. Return on cash invested measures 26.06% in year one, and rental yield stands at 9.02% at a $510,000 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,904 by year five. Five-year ROI records 135.36% and total cumulative return in cash reaches $227,127. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,832/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
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Listed by: Jeremiah Norris • United Realty, LLC - Carlsbad
Mls Name: New Mexico MLS
Mls ID: #20254713