5021 N Carriage RdHobbsNM88242
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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 5021 N Carriage Rd, Hobbs, NM, 88242 listed at $799,000 pairs $5,119/mo rent with a $3,911/mo payment to leave $429/mo cash flow. Total monthly income runs $5,119/mo, and annual cash flow reaches $5,148/yr on $262,871 cash to close. Return on cash invested measures 22.02% in year one, and rental yield registers 7.69% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 113.69% and total cumulative return in cash totals $298,866. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,119/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
N/A 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: Kali Brown • Core Realty Group
Mls Name: New Mexico MLS
Mls ID: #20260140