604 S 3rd StLovingtonNM88260
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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
Investment property for sale in Lovington at 604 S 3rd St, Lovington, NM, 88260 earns from $462/mo rent with a $783/mo payment. Total monthly income totals $462/mo. ROI tracks 9.12% on current figures, and rental yield reads 3.46% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 44.53% and total cumulative return in cash sums $23,618. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $462/mo property income instead of your personal income.
Single Family
Built in 1950
148.10 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88260, Lovington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,528 (100%) |
| Owner Occupied HU | 3,771 (68.2%) |
| Renter Occupied HU | 1,256 (22.7%) |
| Vacant Housing Units | 501 ( 9.1%) |
| Median Home Value | $212,473 |
| Average Home Value | $276,707 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,869
Multi-Family
139
Businesses
563
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Listed by: Charilyn Discua • Rivas Real Estate Team Co.
Mls Name: New Mexico MLS
Mls ID: #20260595