323 E Rancho RdHobbsNM88242
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 323 E Rancho Rd, Hobbs, NM, 88242 in Hobbs. Rental yield 6.72%. The 1.25 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $124,327 and $4,145/yr in principal reduction project total return of $162,264.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.2% |
| Monthly Cash Flow | $(121) | $450 |
City averages based on Hobbs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,520 |
| Total Monthly Debt Service | $2,462 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88242, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,107 (100%) |
| Owner Occupied HU | 2,395 (77.1%) |
| Renter Occupied HU | 481 (15.5%) |
| Vacant Housing Units | 231 ( 7.4%) |
| Median Home Value | $305,246 |
| Average Home Value | $342,977 |
Housing Distribution
Address Breakdown
Residential
3,112
Single Family
3,039
Multi-Family
73
Businesses
44
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
Single Family
Built in 1983
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88242, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,107 (100%) |
| Owner Occupied HU | 2,395 (77.1%) |
| Renter Occupied HU | 481 (15.5%) |
| Vacant Housing Units | 231 ( 7.4%) |
| Median Home Value | $305,246 |
| Average Home Value | $342,977 |
Housing Distribution
Address Breakdown
Residential
3,112
Single Family
3,039
Multi-Family
73
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Mackay • Rivas Real Estate Team Co.
Mls Name: New Mexico MLS
Mls ID: #20256159