509 N Oak StClovisNM88101
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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 Clovis at 509 N Oak St, Clovis, NM, 88101 priced at $125,000 pairs $999/mo rent with $265/mo cash flow after a $612/mo payment. Total monthly income equals $999/mo, and annual cash flow comes to $3,182/yr on $41,438 invested. Return on cash invested is 27.59% in year one, and rental yield stands at 9.59% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 143.71% and total cumulative return in cash reaches $59,549. For financing, Ziffy Mortgage’s DSCR program evaluates $999/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
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Listed by: Benny Pacheco Jr. • Re/Max First Place Realtors Clovis
Mls Name: New Mexico MLS
Mls ID: #20256461