923 W 17th StPortalesNM88130
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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
Investment property for sale in Portales at 923 W 17th St, Portales, NM, 88130 earns $356/mo cash flow from $960/mo rent with a $504/mo payment. Total monthly income totals $960/mo, and annual cash flow totals $4,268/yr on $34,111 capital. ROI tracks 32.42% on current figures, and rental yield reads 11.2% at a $102,900 purchase. Equity gained on principal adds $664/yr, and 5% annual appreciation supports $28,429 over five years. Five-year ROI reaches 169.57% and total cumulative return in cash sums $57,842. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $960/mo property income instead of your personal income.
Single Family
Built in N/A
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88130, Portales, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,929 (100%) |
| Owner Occupied HU | 4,003 (50.5%) |
| Renter Occupied HU | 2,710 (34.2%) |
| Vacant Housing Units | 1,216 (15.3%) |
| Median Home Value | $158,948 |
| Average Home Value | $196,922 |
Housing Distribution
Address Breakdown
Residential
6,832
Single Family
6,695
Multi-Family
137
Businesses
473
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Listed by: Esther Purkey • Mcdaniel Home Solutions
Mls Name: New Mexico MLS
Mls ID: #20254067