58 Landreth AveArtesiaNM88250
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play58 Landreth Ave, Artesia, NM, 88250 in Artesia is priced for appreciation, not yield. Rental yield 0%. At $300,000 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $82,884 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $52.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Artesia market data in our database. Property projections are estimates.
Manufactured
Built in 2024
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88250, Hope, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 130 (100%) |
| Owner Occupied HU | 66 (50.8%) |
| Renter Occupied HU | 24 (18.5%) |
| Vacant Housing Units | 40 (30.8%) |
| Median Home Value | $300,000 |
| Average Home Value | $404,053 |
Housing Distribution
Address Breakdown
Residential
13
Single Family
13
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Manufactured
Built in 2024
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88250, Hope, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 130 (100%) |
| Owner Occupied HU | 66 (50.8%) |
| Renter Occupied HU | 24 (18.5%) |
| Vacant Housing Units | 40 (30.8%) |
| Median Home Value | $300,000 |
| Average Home Value | $404,053 |
Housing Distribution
Address Breakdown
Residential
13
Single Family
13
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Taylor Coy • Century 21 Dunagan Associates
Mls Name: New Mexico MLS
Mls ID: #20254839