6 Lark LnArtesiaNM88210
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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
Investment Highlights
Rental property for sale in Artesia at 6 Lark Ln, Artesia, NM, 88210 priced at $195,000 converts $5,580/mo rent into $4,436/mo cash flow after a $954/mo obligation. Total monthly income equals $5,580/mo, and annual cash flow totals $53,230/yr on $64,643 invested. Return on cash invested prints 102.25% in year one, and rental yield reads 34.34% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 543.99% and total cumulative return in cash sums $351,646. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,580/mo property income covering a $954/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
1.94 Acres 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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Listed by: Hannah Palomin • Century 21 Black Gold
Mls Name: New Mexico MLS
Mls ID: #20251457