417 Merrill DrClovisNM88101
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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 Clovis at 417 Merrill Dr, Clovis, NM, 88101 offers $1,795/mo rent that, after a $979/mo payment, leaves $621/mo cash flow. Total monthly income is $1,795/mo, and annual cash flow is $7,452/yr on $66,300 cash. Return on cash invested measures 31.15% in year one, and rental yield stands at 10.77% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 162.69% and total cumulative return in cash reaches $107,864. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,795/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
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Listed by: Nicole Ghaffari • Realty One Of New Mexico - R1 Clovis
Mls Name: New Mexico MLS
Mls ID: #20255515