612 Hickory StRoswellNM88203
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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 Roswell at 612 Hickory St, Roswell, NM, 88203 priced at $139,900 converts $1,053/mo rent into $232/mo cash flow after a $685/mo obligation. Total monthly income equals $1,053/mo, and annual cash flow totals $2,779/yr on $46,377 invested. Return on cash invested prints 25.9% in year one, and rental yield reads 9.03% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 134.58% and total cumulative return in cash sums $62,415. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,053/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,821 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88203, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,006 (100%) |
| Owner Occupied HU | 6,846 (57.0%) |
| Renter Occupied HU | 3,724 (31.0%) |
| Vacant Housing Units | 1,436 (12.0%) |
| Median Home Value | $119,455 |
| Average Home Value | $152,297 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
10,273
Multi-Family
718
Businesses
646
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Listed by: Christopher (Dino) Wilcox • Wilcox Realty
Mls Name: New Mexico MLS
Mls ID: #20260421