1506 Fairway Village DrLas CrucesNM88007
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1506 Fairway Village Dr, Las Cruces, NM, 88007 priced at $375,000 pairs $2,194/mo rent with after a $1,835/mo payment. Total monthly income equals $2,194/mo. Return on cash invested is 19.38% in year one, and rental yield stands at 7.02% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 99.79% and total cumulative return in cash reaches $124,047. For financing, Ziffy Mortgage’s DSCR program evaluates $2,194/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
4,791 sqft lot
$N/A/sqft
$580 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca A Mitchener • Berkshire Hathaway Homeservices - NM Properties
Mls Name: SNMMLS
Mls ID: #2501080
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.