704 E Yeso DrHobbsNM88240
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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 704 E Yeso Dr, Hobbs, NM, 88240 at $250,000 posts ROI 30.96% with $763/mo cash flow from $2,231/mo rent. Total monthly income equals $2,231/mo, and annual cash flow records $9,159/yr on $82,875 to close. Return on cash invested measures 30.96% and rental yield reads 10.71% at the current $250,000. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 161.73% and total cumulative return in cash totals $134,038.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,231/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
9,914 sqft 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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Listed by: Mayte Rodriguez-Holguin • Elite Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256882