1230 E Griggs AveLas 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
Rental property for sale in Las Cruces at 1230 E Griggs Ave, Las Cruces, NM, 88001 priced at $308,000 pairs $1,639/mo rent with after a $1,508/mo payment. Total monthly income equals $1,639/mo. Return on cash invested is 17.92% in year one, and rental yield stands at 6.39% on a $308,000 basis. Equity gained on principal adds $1,987/yr, and 5% annual appreciation accumulates to $85,095 by year five. Five-year ROI measures 91.76% and total cumulative return in cash reaches $93,688. For financing, Ziffy Mortgage’s DSCR program evaluates $1,639/mo property income against a $1,508/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
6,105 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: N/A • N/A
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