400 E Sanger StHobbsNM88240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hobbs at 400 E Sanger St, Hobbs, NM, 88240 offers $1,419/mo rent that, after a $1,028/mo payment, leaves $186/mo cash flow. Total monthly income is $1,419/mo, and annual cash flow is $2,235/yr on $69,615 cash. Return on cash invested measures 23.12% in year one, and rental yield stands at 8.11% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 119.69% and total cumulative return in cash reaches $83,320. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,419/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88240, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,431 (100%) |
| Owner Occupied HU | 9,019 (54.9%) |
| Renter Occupied HU | 5,646 (34.4%) |
| Vacant Housing Units | 1,766 (10.7%) |
| Median Home Value | $198,787 |
| Average Home Value | $233,433 |
Housing Distribution
Address Breakdown
Residential
15,706
Single Family
14,019
Multi-Family
1,687
Businesses
1,543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Henderson • Nexus Real Estate
Mls Name: New Mexico MLS
Mls ID: #20257090