3107 N Cibola AveHobbsNM88240
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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 Hobbs at 3107 N Cibola Ave, Hobbs, NM, 88240 uses $65,134 cash to close to unlock $15,912/yr annual cash flow and $1,326/mo monthly cash flow. Total monthly income runs $2,519/mo, and a $962/mo payment keeps the spread at $1,326/mo. Purchase price stands at $196,482, and rental yield measures 15.38% with $2,519/mo rent. Return on cash invested shows 44.34% in year one, and 5% annual appreciation builds toward $54,284 over five years. Five-year ROI reaches 233.68% and total cumulative return in cash records $152,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,519/mo property income covering a $962/mo payment rather than investor’s personal income.
Single Family
Built in 1978
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
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Listed by: N/A • N/A
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