3816 N Pat Garrett #K2BAUGCarlsbadNM88220
Nearby investment properties with comparable rents
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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 3816 N Pat Garrett #K2BAUG, Carlsbad, NM, 88220 earns $1,568/mo cash flow from $3,707/mo rent with a $1,784/mo payment. Total monthly income totals $3,707/mo, and annual cash flow totals $18,811/yr on $120,832 capital. ROI tracks 35.48% on current figures, and rental yield reads 12.2% at a $364,500 purchase. Equity gained on principal adds $2,352/yr, and 5% annual appreciation supports $100,705 over five years. Five-year ROI reaches 185.92% and total cumulative return in cash sums $224,646. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,707/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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Mls ID: #N/A