605 E Saint Anne PlHobbsNM88240
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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 Hobbs at 605 E Saint Anne Pl, Hobbs, NM, 88240 earns $249/mo cash flow from $1,775/mo rent with a $1,273/mo payment. Total monthly income totals $1,775/mo, and annual cash flow totals $2,982/yr on $86,190 capital. ROI tracks 23.37% on current figures, and rental yield reads 8.19% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 120.99% and total cumulative return in cash sums $104,285. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,775/mo property income instead of your personal income.
Single Family
Built in 1968
N/A 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: Lisa Gaskins • Edge Realty Group
Mls Name: New Mexico MLS
Mls ID: #20256981