624 E Jemez StHobbsNM88240
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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
Investment property for sale in Hobbs at 624 E Jemez St, Hobbs, NM, 88240 at $575,600 posts ROI 23.47% with $538/mo cash flow from $3,956/mo rent. Total monthly income equals $3,956/mo, and annual cash flow records $6,450/yr on $189,372 to close. Return on cash invested measures 23.47% and rental yield reads 8.25% at the current $575,600. Equity gained on principal adds $3,714/yr, and 5% annual appreciation supports $159,028 by year five. Five-year ROI prints 121.56% and total cumulative return in cash totals $230,203.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,956/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88240, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,431 (100%) |
| Owner Occupied HU | 9,019 (54.9%) |
| Renter Occupied HU | 5,646 (34.4%) |
| Vacant Housing Units | 1,766 (10.7%) |
| Median Home Value | $198,787 |
| Average Home Value | $233,433 |
Housing Distribution
Address Breakdown
Residential
15,706
Single Family
14,019
Multi-Family
1,687
Businesses
1,543
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