3611 N Pat Garrett RdCarlsbadNM88220
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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 Carlsbad at 3611 N Pat Garrett Rd, Carlsbad, NM, 88220 listed at $347,300 pairs $2,220/mo rent with a $1,700/mo payment to leave $181/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $2,177/yr on $115,130 cash to close. Return on cash invested measures 21.8% in year one, and rental yield registers 7.67% at a $347,300 basis. Equity gained on principal adds $2,241/yr, and annual property appreciation at 5% supports $95,953 by year five. Five-year ROI tracks 112.58% and total cumulative return in cash totals $129,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,700/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
65.34 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
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Listed by: Sheila Walterscheid • Re/Max Classic Realty - Las Cruces
Mls Name: New Mexico MLS
Mls ID: #20260105