309 S Lake StCarlsbadNM88220
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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 309 S Lake St, Carlsbad, NM, 88220 priced at $220,000 pairs $1,507/mo rent with $216/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,507/mo, and annual cash flow comes to $2,586/yr on $72,930 invested. Return on cash invested is 23.45% in year one, and rental yield stands at 8.22% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 121.46% and total cumulative return in cash reaches $88,583. For financing, Ziffy Mortgage’s DSCR program evaluates $1,507/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,501 sqft 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: Shea Yturralde • Century 21 Dunagan Associates
Mls Name: New Mexico MLS
Mls ID: #20255076