616 N 11th StCarlsbadNM88220
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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 Carlsbad at 616 N 11th St, Carlsbad, NM, 88220 earns $727/mo cash flow from $2,136/mo rent with a $1,175/mo payment. Total monthly income totals $2,136/mo, and annual cash flow totals $8,724/yr on $79,560 capital. ROI tracks 30.87% on current figures, and rental yield reads 10.68% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 161.21% and total cumulative return in cash sums $128,258. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,136/mo property income instead of your personal income.
Single Family
Built in N/A
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
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Listed by: Valen Martinez • Empire Real Estate Group, LLC
Mls Name: New Mexico MLS
Mls ID: #20256725