830 E Rose RdHobbsNM88242
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
Investment property for sale in Hobbs at 830 E Rose Rd, Hobbs, NM, 88242 at $325,000 posts ROI 23.22% with $297/mo cash flow from $2,205/mo rent. Total monthly income equals $2,205/mo, and annual cash flow records $3,565/yr on $107,738 to close. Return on cash invested measures 23.22% and rental yield reads 8.14% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 120.2% and total cumulative return in cash totals $129,505.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,205/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
N/A 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: Cindy Shoobridge • Robinson & Associates Real Estate
Mls Name: New Mexico MLS
Mls ID: #20252633