706 S Michigan AveRoswellNM88203
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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 Roswell at 706 S Michigan Ave, Roswell, NM, 88203 uses $39,117 cash to close to unlock $2,399/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $893/mo, and a $578/mo payment keeps the spread at $200/mo. Purchase price stands at $118,000, and rental yield measures 9.08% with $893/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 135.33% and total cumulative return in cash records $52,935. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $893/mo property income covering a $578/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.27 Acres 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: N/A • N/A
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