1798 Highland AveLas CrucesNM88005
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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 1798 Highland Ave, Las Cruces, NM, 88005 generates $1,481/mo in rent and, after a $1,077/mo payment, leaves $190/mo in cash flow. Total monthly income is $1,481/mo, and annual cash flow is $2,274/yr on $72,930 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 8.08% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 119.16% and total cumulative return in cash sums $86,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,481/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88005, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,062 (57.9%) |
| Renter Occupied HU | 4,000 (32.8%) |
| Vacant Housing Units | 1,128 ( 9.3%) |
| Median Home Value | $251,488 |
| Average Home Value | $293,529 |
Housing Distribution
Address Breakdown
Residential
11,207
Single Family
11,052
Multi-Family
155
Businesses
1,006
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Listed by: Todd Tellez • Select Realty Group, LLC
Mls Name: SNMMLS
Mls ID: #2503826