5109 W Grey Ghost RdHobbsNM88240
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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 5109 W Grey Ghost Rd, Hobbs, NM, 88240 generates $3,364/mo in rent and, after a $1,899/mo payment, leaves $1,087/mo in cash flow. Total monthly income is $3,364/mo, and annual cash flow is $13,040/yr on $128,622 invested. Return on cash invested sits at 30.05% in year one, and rental yield is 10.4% on a $388,000 entry. Equity gained on principal adds $2,504/yr, while 5% annual appreciation builds toward $107,197 over five years. Five-year ROI reaches 156.8% and total cumulative return in cash sums $201,676. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,364/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
7,701 sqft 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: Angie Quintela • Robinson & Associates Real Estate
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20252137
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.