1229 S Espanola 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 1229 S Espanola St, Las Cruces, NM, 88001 at $260,000 posts ROI 17.76% with from $1,372/mo rent. Total monthly income equals $1,372/mo. Return on cash invested measures 17.76% and rental yield reads 6.33% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 90.91% and total cumulative return in cash totals $78,353. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,372/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
10,018 sqft 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: Edward D. Sergeant • Real Broker LLC
Mls Name: SNMMLS
Mls ID: #2502778