308 W Gypsy StHobbsNM88240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 308 W Gypsy St, Hobbs, NM, 88240 generates $1,446/mo in rent and, after a $881/mo payment, leaves $390/mo in cash flow. Total monthly income is $1,446/mo, and annual cash flow is $4,674/yr on $59,670 invested. Return on cash invested sits at 27.74% in year one, and rental yield is 9.64% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 144.46% and total cumulative return in cash sums $86,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,446/mo property income rather than buyer’s personal income.
Manufactured
Built in 2009
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aldo Argott • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20257219