522 W Coal AveHobbsNM88240
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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 522 W Coal Ave, Hobbs, NM, 88240 offers $1,400/mo rent that, after a $881/mo payment, leaves $344/mo cash flow. Total monthly income is $1,400/mo, and annual cash flow is $4,123/yr on $59,637 cash. Return on cash invested measures 26.82% in year one, and rental yield stands at 9.34% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 139.54% and total cumulative return in cash reaches $83,217. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,400/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
5,523 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: Aldo Argott • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20257043