504 E Green Acres DrHobbsNM88240
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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
Rental property for sale in Hobbs at 504 E Green Acres Dr, Hobbs, NM, 88240 offers $1,428/mo rent that, after a $990/mo payment, leaves $241/mo cash flow. Total monthly income is $1,428/mo, and annual cash flow is $2,889/yr on $67,066 cash. Return on cash invested measures 24.22% in year one, and rental yield stands at 8.47% at a $202,312 entry. Equity gained on principal adds $1,305/yr while 5% annual appreciation compounds into $55,895 by year five. Five-year ROI records 125.54% and total cumulative return in cash reaches $84,194. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,428/mo property income versus a $990/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88240, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,431 (100%) |
| Owner Occupied HU | 9,019 (54.9%) |
| Renter Occupied HU | 5,646 (34.4%) |
| Vacant Housing Units | 1,766 (10.7%) |
| Median Home Value | $198,787 |
| Average Home Value | $233,433 |
Housing Distribution
Address Breakdown
Residential
15,706
Single Family
14,019
Multi-Family
1,687
Businesses
1,543
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Listed by: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11576812