418 E Baja DrHobbsNM88240
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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 Hobbs at 418 E Baja Dr, Hobbs, NM, 88240 priced at $596,000 pairs $2,756/mo rent with after a $2,917/mo payment. Total monthly income equals $2,756/mo. Return on cash invested is 15.52% in year one, and rental yield stands at 5.55% on a $596,000 basis. Equity gained on principal adds $3,846/yr, and 5% annual appreciation accumulates to $164,664 by year five. Five-year ROI measures 78.84% and total cumulative return in cash reaches $154,588. For financing, Ziffy Mortgage’s DSCR program evaluates $2,756/mo property income against a $2,917/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
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
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Listed by: Robbie Robinson • Robinson & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20260368