515 New Mexico 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 515 New Mexico Dr, Roswell, NM, 88203 at $175,000 posts ROI 26.16% with $302/mo cash flow from $1,330/mo rent. Total monthly income equals $1,330/mo, and annual cash flow records $3,628/yr on $58,013 to close. Return on cash invested measures 26.16% and rental yield reads 9.12% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 136.04% and total cumulative return in cash totals $78,919.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,330/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
9,304 sqft 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: Jen Wilcox • Wilcox Realty
Mls Name: New Mexico MLS
Mls ID: #20254120