606 Chestnut StCarlsbadNM88220
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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
Rental property for sale in Carlsbad at 606 Chestnut St, Carlsbad, NM, 88220 priced at $225,000 converts $2,220/mo rent into $900/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,220/mo, and annual cash flow totals $10,795/yr on $74,588 invested. Return on cash invested prints 34.38% in year one, and rental yield reads 11.84% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 180.06% and total cumulative return in cash sums $134,301. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2015
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
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Listed by: Valen Martinez • Empire Real Estate Group, LLC
Mls Name: New Mexico MLS
Mls ID: #20255502