1641 Spruce AveLas 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 1641 Spruce Ave, Las Cruces, NM, 88001 priced at $275,000 pairs $1,783/mo rent with $169/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,783/mo, and annual cash flow comes to $2,027/yr on $91,163 invested. Return on cash invested is 22.13% in year one, and rental yield stands at 7.78% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 114.34% and total cumulative return in cash reaches $104,231. For financing, Ziffy Mortgage’s DSCR program evaluates $1,783/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
4,356 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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Listed by: Michael Anthony Davila • Prosper Real Estate
Mls Name: SNMMLS
Mls ID: #2500579
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.