924 S Asher RdHobbsNM88240
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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 Hobbs at 924 S Asher Rd, Hobbs, NM, 88240 uses $36,465 cash to close to unlock $2,493/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $853/mo, and a $538/mo payment keeps the spread at $208/mo. Purchase price stands at $110,000, and rental yield measures 9.31% with $853/mo rent. Return on cash invested shows 26.75% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 139.13% and total cumulative return in cash records $50,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $853/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 2018
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88240, Hobbs, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,431 (100%) |
| Owner Occupied HU | 9,019 (54.9%) |
| Renter Occupied HU | 5,646 (34.4%) |
| Vacant Housing Units | 1,766 (10.7%) |
| Median Home Value | $198,787 |
| Average Home Value | $233,433 |
Housing Distribution
Address Breakdown
Residential
15,706
Single Family
14,019
Multi-Family
1,687
Businesses
1,543
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Listed by: Valen Martinez • Empire Real Estate Group, LLC
Mls Name: New Mexico MLS
Mls ID: #20254235