3505 N Northwest DrHobbsNM88240
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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 3505 N Northwest Dr, Hobbs, NM, 88240 earns $291/mo cash flow from $1,641/mo rent with a $1,126/mo payment. Total monthly income totals $1,641/mo, and annual cash flow totals $3,489/yr on $76,245 capital. ROI tracks 24.49% on current figures, and rental yield reads 8.56% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 126.96% and total cumulative return in cash sums $96,799. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,641/mo property income instead of your personal income.
Townhouse
Built in 1983
3,998 sqft 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: Michelle Marshall • Berkshire Hathaway Home Services Enchanted Lands - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20260116