1491 Alamo St APT BLas 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 1491 Alamo St APT B, Las Cruces, NM, 88001 with 5% annual appreciation on a $114,000 basis while $889/mo rent supports operations. Total monthly income totals $889/mo and a $558/mo payment preserves $70/mo for cash returns. Annual cash flow comes to $836/yr on $37,791 deployed, and return on cash invested reaches 22.12% in year one. Equity gained on principal adds $736/yr, and five-year appreciation sums $31,496 alongside rental yield of 9.36%. Five-year ROI measures 116.05% and total cumulative return in cash totals $43,855.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $889/mo property income versus a $558/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1966
2,178 sqft lot
$N/A/sqft
$150 monthly 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: Noe Reyes • EXIT Realty Horizons
Mls Name: SNMMLS
Mls ID: #2501182
Disclaimer: The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.