702 Hickory StRoswellNM88203
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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 Roswell at 702 Hickory St, Roswell, NM, 88203 priced at $169,900 pairs $1,348/mo rent with $350/mo cash flow after a $832/mo payment. Total monthly income equals $1,348/mo, and annual cash flow comes to $4,204/yr on $56,322 invested. Return on cash invested is 27.37% in year one, and rental yield stands at 9.52% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 142.52% and total cumulative return in cash reaches $80,270. For financing, Ziffy Mortgage’s DSCR program evaluates $1,348/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88203, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,006 (100%) |
| Owner Occupied HU | 6,846 (57.0%) |
| Renter Occupied HU | 3,724 (31.0%) |
| Vacant Housing Units | 1,436 (12.0%) |
| Median Home Value | $119,455 |
| Average Home Value | $152,297 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
10,273
Multi-Family
718
Businesses
646
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Listed by: Jesse Mcdaniel • Mcdaniel Home Solutions
Mls Name: New Mexico MLS
Mls ID: #20255837