814 N Pate StCarlsbadNM88220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 814 N Pate St, Carlsbad, NM, 88220 in Carlsbad speaks for itself: 11.03% gross on a $220,000 price, generating $2,022/mo in rent and $731/mo in net income after the $989/mo debt service. DSCR 2.04, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,769 stacks alongside $60,782 in projected five-year appreciation and $2,026/yr in principal reduction. Projected total cumulative return: $130,178.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $731 | $850 |
City averages based on Carlsbad market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,022 |
| Total Monthly Debt Service | $1,204 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
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
Single Family
Built in 1960
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88220, Carlsbad, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,149 (100%) |
| Owner Occupied HU | 10,696 (58.9%) |
| Renter Occupied HU | 4,826 (26.6%) |
| Vacant Housing Units | 2,627 (14.5%) |
| Median Home Value | $222,689 |
| Average Home Value | $280,869 |
Housing Distribution
Address Breakdown
Residential
15,346
Single Family
14,191
Multi-Family
1,155
Businesses
1,140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhiannah Rodriguez • Century 21 Dunagan Associates
Mls Name: New Mexico MLS
Mls Provider:
Mls ID: #20253946
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.