1990 Palm Canyon DrLas 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 1990 Palm Canyon Dr, Las Cruces, NM, 88011 with 5% annual appreciation on a $424,700 basis while $2,743/mo rent supports operations. Total monthly income totals $2,743/mo and a $2,079/mo payment preserves $176/mo for cash returns. Annual cash flow comes to $2,111/yr on $140,788 deployed, and return on cash invested reaches 21.41% in year one. Equity gained on principal adds $2,741/yr, and five-year appreciation sums $117,337 alongside rental yield of 7.75%. Five-year ROI measures 110.68% and total cumulative return in cash totals $155,827.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,743/mo property income versus a $2,079/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
9,505 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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