1118 Turkey Knob DrLas CrucesNM88012
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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 Las Cruces at 1118 Turkey Knob Dr, Las Cruces, NM, 88012 with 5% annual appreciation on a $239,500 basis while $1,993/mo rent supports operations. Total monthly income totals $1,993/mo and a $1,172/mo payment preserves $587/mo for cash returns. Annual cash flow comes to $7,050/yr on $79,394 deployed, and return on cash invested reaches 28.79% in year one. Equity gained on principal adds $1,545/yr, and five-year appreciation sums $66,169 alongside rental yield of 9.99%. Five-year ROI measures 150.07% and total cumulative return in cash totals $119,149.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,993/mo property income versus a $1,172/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88012, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 10,562 (74.9%) |
| Renter Occupied HU | 2,769 (19.6%) |
| Vacant Housing Units | 776 ( 5.5%) |
| Median Home Value | $246,284 |
| Average Home Value | $267,127 |
Housing Distribution
Address Breakdown
Residential
13,468
Single Family
12,907
Multi-Family
561
Businesses
126
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Listed by: Lauren C Lay • BHGRE Steinborn & Associates
Mls Name: SNMMLS
Mls ID: #2500818
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.