3202 N Richardson 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 3202 N Richardson Ave, Roswell, NM, 88201 offers a 9.88% rental yield on a $246,000 purchase with $2,026/mo rent. Total monthly income registers $2,026/mo, and a $1,204/mo payment leaves $582/mo available for distribution. Annual cash flow reaches $6,986/yr on $81,549 to close, and return on cash invested stands at 28.48% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,965 over five years. Portfolio math shows five-year ROI at 148.4% and total cumulative return in cash at $121,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,026/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
5,810 sqft 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: #20256470