721 Laurelwood Dr APT CClovisNM88101
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
Investment property for sale in Clovis at 721 Laurelwood Dr APT C, Clovis, NM, 88101 offers a 9.26% rental yield on a $115,000 purchase with $887/mo rent. Total monthly income registers $887/mo, and a $563/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,542/yr on $38,123 to close, and return on cash invested stands at 26.58% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 138.18% and total cumulative return in cash at $52,677. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $887/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
2,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88101, Clovis, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,855 (100%) |
| Owner Occupied HU | 10,243 (51.6%) |
| Renter Occupied HU | 7,160 (36.1%) |
| Vacant Housing Units | 2,452 (12.3%) |
| Median Home Value | $182,003 |
| Average Home Value | $209,755 |
Housing Distribution
Address Breakdown
Residential
20,584
Single Family
20,166
Multi-Family
418
Businesses
1,526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Stockstill • Coldwell Banker Prime Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256839