614 W Avenue E ELovingtonNM88260
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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 Lovington at 614 W Avenue E E, Lovington, NM, 88260 offers $2,279/mo rent that, after a $1,052/mo payment, leaves $1,017/mo cash flow. Total monthly income is $2,279/mo, and annual cash flow is $12,209/yr on $71,273 cash. Return on cash invested measures 37.04% in year one, and rental yield stands at 12.72% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 194.32% and total cumulative return in cash reaches $138,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,279/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88260, Lovington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,528 (100%) |
| Owner Occupied HU | 3,771 (68.2%) |
| Renter Occupied HU | 1,256 (22.7%) |
| Vacant Housing Units | 501 ( 9.1%) |
| Median Home Value | $212,473 |
| Average Home Value | $276,707 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,869
Multi-Family
139
Businesses
563
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Listed by: Reanna Evans • Core Realty Group
Mls Name: New Mexico MLS
Mls ID: #20256312