1030 Crossley LnLas CrucesNM88005
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 Las Cruces at 1030 Crossley Ln, Las Cruces, NM, 88005 uses $107,738 cash to close to unlock $3,937/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,591/mo payment keeps the spread at $328/mo. Purchase price stands at $325,000, and rental yield measures 8.26% with $2,236/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 122.05% and total cumulative return in cash records $131,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.27 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: Michael D Carvlin • BHGRE Steinborn & Associates
Mls Name: SNMMLS
Mls ID: #2503567