609 W 18th StClovisNM88101
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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 Clovis at 609 W 18th St, Clovis, NM, 88101 listed at $178,000 pairs $1,505/mo rent with a $871/mo payment to leave $460/mo cash flow. Total monthly income runs $1,505/mo, and annual cash flow reaches $5,525/yr on $59,007 cash to close. Return on cash invested measures 29.27% in year one, and rental yield registers 10.15% at a $178,000 basis. Equity gained on principal adds $1,149/yr, and annual property appreciation at 5% supports $49,178 by year five. Five-year ROI tracks 152.69% and total cumulative return in cash totals $90,097. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,505/mo property income relative to a $871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
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Listed by: Anna Ortiz • Berkshire Hathaway Homes Services Enchanted Lands - Clovis
Mls Name: New Mexico MLS
Mls ID: #20254633