823 W Jody CtHobbsNM88242
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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 Hobbs at 823 W Jody Ct, Hobbs, NM, 88242 priced at $340,000 pairs $2,520/mo rent with $525/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $6,294/yr on $112,710 invested. Return on cash invested is 25.49% in year one, and rental yield stands at 8.89% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 132.38% and total cumulative return in cash reaches $149,202. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
5,998 sqft 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: Kim Lemke • Motion Realty, LLC
Mls Name: New Mexico MLS
Mls ID: #20256280