421 Corrine PlCarlsbadNM88220
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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 421 Corrine Pl, Carlsbad, NM, 88220 offers a 11.09% rental yield on a $538,000 purchase with $4,972/mo rent. Total monthly income registers $4,972/mo, and a $2,633/mo payment leaves $1,814/mo available for distribution. Annual cash flow reaches $21,773/yr on $177,002 to close, and return on cash invested stands at 32.36% in year one. Equity gained on principal adds $3,472/yr while 5% annual appreciation supports $148,639 over five years. Portfolio math shows five-year ROI at 169.17% and total cumulative return in cash at $299,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,972/mo property income against a $2,633/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.98 Acres 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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