1140 S Mesquite StLas CrucesNM88001
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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 1140 S Mesquite St, Las Cruces, NM, 88001 uses $77,571 cash to close to unlock $70/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,379/mo, and a $1,145/mo payment keeps the spread at $6/mo. Purchase price stands at $234,000, and rental yield measures 7.07% with $1,379/mo rent. Return on cash invested shows 20% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 102.89% and total cumulative return in cash records $79,815. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,379/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Multi Family
Built in 1944
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88001, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,722 (100%) |
| Owner Occupied HU | 6,558 (39.2%) |
| Renter Occupied HU | 8,475 (50.7%) |
| Vacant Housing Units | 1,689 (10.1%) |
| Median Home Value | $165,979 |
| Average Home Value | $212,782 |
Housing Distribution
Address Breakdown
Residential
14,579
Single Family
13,463
Multi-Family
1,116
Businesses
1,301
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Listed by: Lisa Crissi Rivera • EXIT Realty Horizons
Mls Name: SNMMLS
Mls ID: #2502119