2029 East DrLas VegasNM87701
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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 Vegas at 2029 East Dr, Las Vegas, NM, 87701 uses $59,670 cash to close to unlock $11,274/yr annual cash flow and $940/mo monthly cash flow. Total monthly income runs $1,996/mo, and a $881/mo payment keeps the spread at $940/mo. Purchase price stands at $180,000, and rental yield measures 13.31% with $1,996/mo rent. Return on cash invested shows 38.8% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 203.77% and total cumulative return in cash records $121,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,996/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87701, Las Vegas, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 5,249 (55.2%) |
| Renter Occupied HU | 2,530 (26.6%) |
| Vacant Housing Units | 1,722 (18.1%) |
| Median Home Value | $177,666 |
| Average Home Value | $208,458 |
Housing Distribution
Address Breakdown
Residential
7,507
Single Family
7,488
Multi-Family
19
Businesses
725
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Listed by: Elizabeth Trujillo • Trujillo Real Estate
Mls Name: New Mexico MLS
Mls ID: #20255274