638 S Roosevelt Rd SPortalesNM88130
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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 Portales at 638 S Roosevelt Rd S, Portales, NM, 88130 priced at $149,900 converts $1,168/mo rent into $288/mo cash flow after a $734/mo obligation. Total monthly income equals $1,168/mo, and annual cash flow totals $3,454/yr on $49,692 invested. Return on cash invested prints 26.86% in year one, and rental yield reads 9.35% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 139.7% and total cumulative return in cash sums $69,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,168/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88130, Portales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,929 (100%) |
| Owner Occupied HU | 4,003 (50.5%) |
| Renter Occupied HU | 2,710 (34.2%) |
| Vacant Housing Units | 1,216 (15.3%) |
| Median Home Value | $158,948 |
| Average Home Value | $196,922 |
Housing Distribution
Address Breakdown
Residential
6,832
Single Family
6,695
Multi-Family
137
Businesses
473
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Listed by: Danny Blair • Homespot Real Estate, LLC
Mls Name: New Mexico MLS
Mls ID: #20255175