503 W Hervey DrRoswellNM88203
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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 Roswell at 503 W Hervey Dr, Roswell, NM, 88203 listed at $269,500 pairs $2,219/mo rent with a $1,319/mo payment to leave $637/mo cash flow. Total monthly income runs $2,219/mo, and annual cash flow reaches $7,647/yr on $89,339 cash to close. Return on cash invested measures 28.47% in year one, and rental yield registers 9.88% at a $269,500 basis. Equity gained on principal adds $1,739/yr, and annual property appreciation at 5% supports $74,458 by year five. Five-year ROI tracks 148.36% and total cumulative return in cash totals $132,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,219/mo property income relative to a $1,319/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88203, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,006 (100%) |
| Owner Occupied HU | 6,846 (57.0%) |
| Renter Occupied HU | 3,724 (31.0%) |
| Vacant Housing Units | 1,436 (12.0%) |
| Median Home Value | $119,455 |
| Average Home Value | $152,297 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
10,273
Multi-Family
718
Businesses
646
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Listed by: Marcia Tidwell • Century 21 Home Planning Roswell
Mls Name: New Mexico MLS
Mls ID: #20255311