814 W Jefferson 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
Rental property for sale in Lovington at 814 W Jefferson Ave, Lovington, NM, 88260 priced at $199,000 pairs $1,988/mo rent with $820/mo cash flow after a $974/mo payment. Total monthly income equals $1,988/mo, and annual cash flow comes to $9,840/yr on $65,969 invested. Return on cash invested is 34.82% in year one, and rental yield stands at 11.99% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 182.41% and total cumulative return in cash reaches $120,330. For financing, Ziffy Mortgage’s DSCR program evaluates $1,988/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.29 Acres 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: Harold Lawson • Harold Lawson & Associates Realtors
Mls Name: New Mexico MLS
Mls ID: #20257166