304 Pattie AveHurleyNM88043
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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 Hurley at 304 Pattie Ave, Hurley, NM, 88043 uses $61,328 cash to close to unlock $3,704/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $905/mo payment keeps the spread at $309/mo. Purchase price stands at $185,000, and rental yield measures 9.04% with $1,394/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash records $82,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88043, Hurley, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 531 (65.9%) |
| Renter Occupied HU | 119 (14.8%) |
| Vacant Housing Units | 156 (19.4%) |
| Median Home Value | $97,500 |
| Average Home Value | $165,753 |
Housing Distribution
Address Breakdown
Residential
296
Single Family
296
Multi-Family
0
Businesses
17
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Listed by: Georgia Bearup • Mimbres Realty, Inc
Mls Name: New Mexico MLS
Mls ID: #20255710