821 Wallace StClovisNM88101
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
Rental property for sale in Clovis at 821 Wallace St, Clovis, NM, 88101 priced at $107,500 converts $850/mo rent into $219/mo cash flow after a $526/mo obligation. Total monthly income equals $850/mo, and annual cash flow totals $2,630/yr on $35,636 invested. Return on cash invested prints 27.29% in year one, and rental yield reads 9.49% against a $107,500 entry. Equity gained on principal adds $694/yr, while 5% annual appreciation compiles into $29,700 by year five. Five-year ROI reaches 142.12% and total cumulative return in cash sums $50,647. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $850/mo property income covering a $526/mo payment, not borrower’s personal income.
Single Family
Built in 1947
7,000 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: Anna Soto • Exp Realty, LLC
Mls Name: New Mexico MLS
Mls ID: #20254624