605 W Birch AveLovingtonNM88260
Nearby investment properties with comparable rents
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
Investment property for sale in Lovington at 605 W Birch Ave, Lovington, NM, 88260 at $230,000 posts ROI 5.93% with from $462/mo rent. Total monthly income equals $462/mo. Return on cash invested measures 5.93% and rental yield reads 2.41% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 27.46% and total cumulative return in cash totals $20,935. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $462/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
N/A 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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Nearby investment properties with comparable prices
Listed by: Claire Halsell • Berkshire Hathaway Home Services Enchanted Lands - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20256670