3812 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 3812 Agave Dr, Carlsbad, NM, 88220 priced at $343,075 converts $2,220/mo rent into $207/mo cash flow after a $1,679/mo obligation. Total monthly income equals $2,220/mo, and annual cash flow totals $2,478/yr on $113,729 invested. Return on cash invested prints 22.09% in year one, and rental yield reads 7.77% against a $343,075 entry. Equity gained on principal adds $2,214/yr, while 5% annual appreciation compiles into $94,785 by year five. Five-year ROI reaches 114.12% and total cumulative return in cash sums $129,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,679/mo payment, not borrower’s personal income.
Single Family
Built in 2025
65.25 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: #20252709
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.