3809 Honeysuckle 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
Investment property for sale in Carlsbad at 3809 Honeysuckle Dr, Carlsbad, NM, 88220 listed at $355,024 pairs $2,400/mo rent with a $1,738/mo payment to leave $316/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $3,790/yr on $117,690 cash to close. Return on cash invested measures 23.13% in year one, and rental yield registers 8.11% at a $355,024 basis. Equity gained on principal adds $2,291/yr, and annual property appreciation at 5% supports $98,087 by year five. Five-year ROI tracks 119.69% and total cumulative return in cash totals $140,863. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,738/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
54.92 Acres 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 Provider:
Mls ID: #20243588
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.