524 N Thirteenth Street Rural StArtesiaNM88210
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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 Artesia at 524 N Thirteenth Street Rural St, Artesia, NM, 88210 offers $3,929/mo rent that, after a $2,037/mo payment, leaves $1,486/mo cash flow. Total monthly income is $3,929/mo, and annual cash flow is $17,834/yr on $137,970 cash. Return on cash invested measures 32.84% in year one, and rental yield stands at 11.33% at a $416,200 entry. Equity gained on principal adds $2,686/yr while 5% annual appreciation compounds into $114,988 by year five. Five-year ROI records 171.77% and total cumulative return in cash reaches $236,990. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,929/mo property income versus a $2,037/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A