4614 W Georgia AveHobbsNM88242
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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 Hobbs at 4614 W Georgia Ave, Hobbs, NM, 88242 uses $64,112 cash to close to unlock $6,629/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $1,688/mo, and a $947/mo payment keeps the spread at $552/mo. Purchase price stands at $193,400, and rental yield measures 10.47% with $1,688/mo rent. Return on cash invested shows 30.25% in year one, and 5% annual appreciation builds toward $53,433 over five years. Five-year ROI reaches 157.92% and total cumulative return in cash records $101,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $947/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
3.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88242, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,107 (100%) |
| Owner Occupied HU | 2,395 (77.1%) |
| Renter Occupied HU | 481 (15.5%) |
| Vacant Housing Units | 231 ( 7.4%) |
| Median Home Value | $305,246 |
| Average Home Value | $342,977 |
Housing Distribution
Address Breakdown
Residential
3,112
Single Family
3,039
Multi-Family
73
Businesses
44
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Listed by: N/A • N/A
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