1021 Tamarack DrLas CrucesNM88005
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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 Las Cruces at 1021 Tamarack Dr, Las Cruces, NM, 88005 priced at $245,000 converts $1,926/mo rent into $488/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,926/mo, and annual cash flow totals $5,858/yr on $81,218 invested. Return on cash invested prints 27.12% in year one, and rental yield reads 9.43% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 141.13% and total cumulative return in cash sums $114,624. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1966
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88005, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,062 (57.9%) |
| Renter Occupied HU | 4,000 (32.8%) |
| Vacant Housing Units | 1,128 ( 9.3%) |
| Median Home Value | $251,488 |
| Average Home Value | $293,529 |
Housing Distribution
Address Breakdown
Residential
11,207
Single Family
11,052
Multi-Family
155
Businesses
1,006
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Listed by: Michael Carpenter • Prosper Real Estate
Mls Name: SNMMLS
Mls ID: #2500957
Disclaimer: The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.