311 N 6th StLovingtonNM88260
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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 Lovington at 311 N 6th St, Lovington, NM, 88260 generates $882/mo in rent and, after a $538/mo payment, leaves $223/mo in cash flow. Total monthly income is $882/mo, and annual cash flow is $2,678/yr on $36,465 invested. Return on cash invested sits at 27.25% in year one, and rental yield is 9.62% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 142.1% and total cumulative return in cash sums $51,816. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $882/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
10,737 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88260, Lovington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,528 (100%) |
| Owner Occupied HU | 3,771 (68.2%) |
| Renter Occupied HU | 1,256 (22.7%) |
| Vacant Housing Units | 501 ( 9.1%) |
| Median Home Value | $212,473 |
| Average Home Value | $276,707 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,869
Multi-Family
139
Businesses
563
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Listed by: Aaron Benavides • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20255377
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.