518 E Kiva 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 518 E Kiva Dr, Hobbs, NM, 88240 priced at $207,900 pairs $1,455/mo rent with $234/mo cash flow after a $1,018/mo payment. Total monthly income equals $1,455/mo, and annual cash flow comes to $2,811/yr on $68,919 invested. Return on cash invested is 23.99% in year one, and rental yield stands at 8.4% on a $207,900 basis. Equity gained on principal adds $1,342/yr, and 5% annual appreciation accumulates to $57,439 by year five. Five-year ROI measures 124.36% and total cumulative return in cash reaches $85,708. For financing, Ziffy Mortgage’s DSCR program evaluates $1,455/mo property income against a $1,018/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
3,950 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: Aaron Benavides • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20251954
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.