1629 Regal Ridge StLas CrucesNM88011
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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 1629 Regal Ridge St, Las Cruces, NM, 88011 offers a 7.82% rental yield on a $303,100 purchase with $1,976/mo rent. Total monthly income registers $1,976/mo, and a $1,484/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,358/yr on $100,478 to close, and return on cash invested stands at 22.26% in year one. Equity gained on principal adds $1,956/yr while 5% annual appreciation supports $83,741 over five years. Portfolio math shows five-year ROI at 115.04% and total cumulative return in cash at $115,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,976/mo property income against a $1,484/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88011, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,449 (100%) |
| Owner Occupied HU | 9,437 (57.4%) |
| Renter Occupied HU | 5,793 (35.2%) |
| Vacant Housing Units | 1,219 ( 7.4%) |
| Median Home Value | $350,120 |
| Average Home Value | $396,254 |
Housing Distribution
Address Breakdown
Residential
15,613
Single Family
13,432
Multi-Family
2,181
Businesses
780
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Listed by: N/A • N/A
Mls Name: Exit Realty
Mls Provider:
Mls ID: #2401014