4209 Mimosa StCarlsbadNM88220
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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 4209 Mimosa St, Carlsbad, NM, 88220 uses $102,765 cash to close to unlock $6,969/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,517/mo payment keeps the spread at $581/mo. Purchase price stands at $310,000, and rental yield measures 9.29% with $2,400/mo rent. Return on cash invested shows 26.69% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash records $142,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
9,077 sqft 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: Carolyn Caudill • Re/Max Classic Realty - Las Cruces
Mls Name: New Mexico MLS
Mls ID: #20260751