702 Airport AveCarlsbadNM88220
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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 702 Airport Ave, Carlsbad, NM, 88220 with 5% annual appreciation on a $140,000 basis while $1,125/mo rent supports operations. Total monthly income totals $1,125/mo and a $685/mo payment preserves $304/mo for cash returns. Annual cash flow comes to $3,642/yr on $46,410 deployed, and return on cash invested reaches 27.76% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 9.64%. Five-year ROI measures 144.53% and total cumulative return in cash totals $67,078.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,125/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1983
0.32 Acres 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: Angelica Leyva • Harwell & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256094