129 W Gallagher AveLas 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
Rental property for sale in Las Cruces at 129 W Gallagher Ave, Las Cruces, NM, 88005 offers $1,290/mo rent that, after a $705/mo payment, leaves $445/mo cash flow. Total monthly income is $1,290/mo, and annual cash flow is $5,334/yr on $47,769 cash. Return on cash invested measures 31.08% in year one, and rental yield stands at 10.74% at a $144,100 entry. Equity gained on principal adds $930/yr while 5% annual appreciation compounds into $39,812 by year five. Five-year ROI records 162.33% and total cumulative return in cash reaches $77,546. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,290/mo property income versus a $705/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
8,276 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: N/A • N/A
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