707 N Union AveRoswellNM88201
Nearby investment properties with comparable rents
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
Rental property for sale in Roswell at 707 N Union Ave, Roswell, NM, 88201 generates $1,314/mo in rent and, after a $830/mo payment, leaves $319/mo in cash flow. Total monthly income is $1,314/mo, and annual cash flow is $3,825/yr on $56,189 invested. Return on cash invested sits at 26.72% in year one, and rental yield is 9.3% on a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 138.96% and total cumulative return in cash sums $78,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.
Single Family
Built in 1933
8,455 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88201, Roswell, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,560 (100%) |
| Owner Occupied HU | 7,342 (63.5%) |
| Renter Occupied HU | 2,886 (25.0%) |
| Vacant Housing Units | 1,332 (11.5%) |
| Median Home Value | $228,408 |
| Average Home Value | $285,709 |
Housing Distribution
Address Breakdown
Residential
10,479
Single Family
9,805
Multi-Family
674
Businesses
1,079
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Nelson • Mcdaniel Home Solutions
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20245351
Disclaimer: The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.