W Marr StHobbsNM88242
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 W Marr St, Hobbs, NM, 88242 with 5% annual appreciation on a $217,400 basis while $2,106/mo rent supports operations. Total monthly income totals $2,106/mo and a $1,064/mo payment preserves $822/mo for cash returns. Annual cash flow comes to $9,863/yr on $72,068 deployed, and return on cash invested reaches 33.59% in year one. Equity gained on principal adds $1,403/yr, and five-year appreciation sums $60,064 alongside rental yield of 11.62%. Five-year ROI measures 175.87% and total cumulative return in cash totals $126,743.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,106/mo property income versus a $1,064/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1982
20.08 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A