3724 Agave DrCarlsbadNM88220
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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 Carlsbad at 3724 Agave Dr, Carlsbad, NM, 88220 generates $2,400/mo in rent and, after a $1,978/mo payment, leaves $28/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $336/yr on $133,962 invested. Return on cash invested sits at 20.16% in year one, and rental yield is 7.13% on a $404,110 entry. Equity gained on principal adds $2,608/yr, while 5% annual appreciation builds toward $111,648 over five years. Five-year ROI reaches 103.76% and total cumulative return in cash sums $138,994. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
8,712 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: Carolyn Caudill • Re/Max Classic Realty - Las Cruces
Mls Name: New Mexico MLS
Mls ID: #20260078