306 N Michigan AveRoswellNM88201
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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 Roswell at 306 N Michigan Ave, Roswell, NM, 88201 with 5% annual appreciation on a $355,000 basis while $2,523/mo rent supports operations. Total monthly income totals $2,523/mo and a $1,738/mo payment preserves $439/mo for cash returns. Annual cash flow comes to $5,266/yr on $117,683 deployed, and return on cash invested reaches 24.38% in year one. Equity gained on principal adds $2,291/yr, and five-year appreciation sums $98,080 alongside rental yield of 8.53%. Five-year ROI measures 126.41% and total cumulative return in cash totals $148,764.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,523/mo property income versus a $1,738/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88201, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,560 (100%) |
| Owner Occupied HU | 7,342 (63.5%) |
| Renter Occupied HU | 2,886 (25.0%) |
| Vacant Housing Units | 1,332 (11.5%) |
| Median Home Value | $228,408 |
| Average Home Value | $285,709 |
Housing Distribution
Address Breakdown
Residential
10,479
Single Family
9,805
Multi-Family
674
Businesses
1,079
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Listed by: Heidi Bills • Keller Williams Roswell
Mls Name: New Mexico MLS
Mls ID: #20257034