613 W Van Buren StRoswellNM88203
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
Rental property for sale in Roswell at 613 W Van Buren St, Roswell, NM, 88203 generates $1,098/mo in rent and, after a $710/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,098/mo, and annual cash flow is $2,959/yr on $48,068 invested. Return on cash invested sits at 26.07% in year one, and rental yield is 9.09% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 135.45% and total cumulative return in cash sums $65,108. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,098/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,019 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angelica Leyva • Harwell & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20255954