809 W Gore AveLovingtonNM88260
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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
Total monthly income runs $462/mo, and a $1,248/mo payment. Purchase price stands at $254,900, and rental yield measures 2.17% with $462/mo rent. Return on cash invested shows 5.22% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 23.66% and total cumulative return in cash records $19,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $462/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,810 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88260, Lovington, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,528 (100%) |
| Owner Occupied HU | 3,771 (68.2%) |
| Renter Occupied HU | 1,256 (22.7%) |
| Vacant Housing Units | 501 ( 9.1%) |
| Median Home Value | $212,473 |
| Average Home Value | $276,707 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,869
Multi-Family
139
Businesses
563
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Listed by: Rodney Davis • United Realty, LLC - Hobbs
Mls Name: New Mexico MLS
Mls ID: #20256792