1400 S Espina 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
Rental property for sale in Las Cruces at 1400 S Espina St, Las Cruces, NM, 88001 priced at $143,393 converts $1,213/mo rent into $328/mo cash flow after a $702/mo obligation. Total monthly income equals $1,213/mo, and annual cash flow totals $3,937/yr on $47,535 invested. Return on cash invested prints 28.19% in year one, and rental yield reads 10.15% against a $143,393 entry. Equity gained on principal adds $925/yr, while 5% annual appreciation compiles into $39,617 by year five. Five-year ROI reaches 147.32% and total cumulative return in cash sums $70,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,213/mo property income covering a $702/mo payment, not borrower’s personal income.
Multi Family
Built in 1972
9,113 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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