1150 Old West WayLas 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
Investment property for sale in Las Cruces at 1150 Old West Way, Las Cruces, NM, 88005 earns from $1,504/mo rent with a $1,468/mo payment. Total monthly income totals $1,504/mo. ROI tracks 16.81% on current figures, and rental yield reads 6.02% at a $299,999 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 85.85% and total cumulative return in cash sums $85,380. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,504/mo property income instead of your personal income.
Single Family
Built in 2015
5,227 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: Kristin Hein • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2502080