3307 W Richey AveArtesiaNM88210
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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 Artesia at 3307 W Richey Ave, Artesia, NM, 88210 generates $2,681/mo in rent, after a $4,283/mo payment. Total monthly income is $2,681/mo. Return on cash invested sits at 9.83% in year one, and rental yield is 3.68% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 48.31% and total cumulative return in cash sums $139,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,681/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
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Listed by: Jessica Simer • Roja Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256535