1024 N 3rd StLas CrucesNM88005
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1024 N 3rd St, Las Cruces, NM, 88005 in Las Cruces is a solid income-producing rental, 9.49% gross yield, $949/mo rent, $245/mo net cash flow on a $120,000 buy. DSCR 1.76 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $33,154 and $1,105/yr in principal reduction project a total cumulative return of $61,053.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 9.2% |
| Monthly Cash Flow | $245 | $450 |
City averages based on Las Cruces market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $949 |
| Total Monthly Debt Service | $657 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
0.77 Acres 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
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
Single Family
Built in 1946
0.77 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ronnie Gomez • Real Broker LLC - Enchanted Sun
Mls Name: SNMMLS
Mls ID: #2503608