610 & 612 W Grand AveArtesiaNM88210
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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 Artesia at 610 & 612 W Grand Ave, Artesia, NM, 88210 uses $109,064 cash to close to unlock $783/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $1,996/mo, and a $1,610/mo payment keeps the spread at $65/mo. Purchase price stands at $329,000, and rental yield measures 7.28% with $1,996/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 106.29% and total cumulative return in cash records $115,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,996/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
9,256 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88210, Artesia, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 5,031 (62.5%) |
| Renter Occupied HU | 2,170 (26.9%) |
| Vacant Housing Units | 851 (10.6%) |
| Median Home Value | $230,155 |
| Average Home Value | $280,161 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
6,379
Multi-Family
501
Businesses
472
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Listed by: Staci Rogers • Berkshire Hathaway Home Services Enchanted Lands - Artesia
Mls Name: New Mexico MLS
Mls ID: #20257165