7505 N Piedras DrHobbsNM88242
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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 Hobbs at 7505 N Piedras Dr, Hobbs, NM, 88242 uses $105,914 cash to close to unlock $13,926/yr annual cash flow and $1,160/mo monthly cash flow. Total monthly income runs $3,036/mo, and a $1,564/mo payment keeps the spread at $1,160/mo. Purchase price stands at $319,500, and rental yield measures 11.4% with $3,036/mo rent. Return on cash invested shows 33.06% in year one, and 5% annual appreciation builds toward $88,272 over five years. Five-year ROI reaches 172.94% and total cumulative return in cash records $183,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,036/mo property income covering a $1,564/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88242, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,107 (100%) |
| Owner Occupied HU | 2,395 (77.1%) |
| Renter Occupied HU | 481 (15.5%) |
| Vacant Housing Units | 231 ( 7.4%) |
| Median Home Value | $305,246 |
| Average Home Value | $342,977 |
Housing Distribution
Address Breakdown
Residential
3,112
Single Family
3,039
Multi-Family
73
Businesses
44
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Listed by: Robbie Robinson • Robinson & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20256752