201 Las Cruces DrElephant ButteNM87937
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Investment property for sale in Elephant Butte at 201 Las Cruces Dr, Elephant Butte, NM, 87937 offers a 0% rental yield on a $439,000 purchase with $0/mo rent. 34% in year one. Equity gained on principal adds $2,833/yr while 5% annual appreciation supports $121,288 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,149/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87937, Hatch, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,038 (100%) |
| Owner Occupied HU | 659 (63.5%) |
| Renter Occupied HU | 286 (27.6%) |
| Vacant Housing Units | 93 ( 9.0%) |
| Median Home Value | $148,106 |
| Average Home Value | $169,954 |
Housing Distribution
Address Breakdown
Residential
79
Single Family
79
Multi-Family
0
Businesses
58
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Abraham Cardenas • Exit Realty Horizons
Mls Name: New Mexico MLS
Mls ID: #20260213