1240 1st StLas VegasNM87701
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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 Vegas at 1240 1st St, Las Vegas, NM, 87701 uses $62,156 cash to close to unlock $4,862/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $1,506/mo, and a $918/mo payment keeps the spread at $405/mo. Purchase price stands at $187,500, and rental yield measures 9.64% with $1,506/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 144.44% and total cumulative return in cash records $89,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,506/mo property income covering a $918/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87701, Las Vegas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 5,249 (55.2%) |
| Renter Occupied HU | 2,530 (26.6%) |
| Vacant Housing Units | 1,722 (18.1%) |
| Median Home Value | $177,666 |
| Average Home Value | $208,458 |
Housing Distribution
Address Breakdown
Residential
7,507
Single Family
7,488
Multi-Family
19
Businesses
725
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Listed by: Julian F. Barela • New Mexico RE Investments, LLC
Mls Name: SWMLS
Mls ID: #1091340