2048 Pine Needle Way #2Las CrucesNM88012
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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 2048 Pine Needle Way #2, Las Cruces, NM, 88012 offers a 7.08% rental yield on a $295,000 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $1,444/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $100/yr on $97,793 to close, and return on cash invested stands at 20.01% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 103% and total cumulative return in cash at $100,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1996
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88012, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 10,562 (74.9%) |
| Renter Occupied HU | 2,769 (19.6%) |
| Vacant Housing Units | 776 ( 5.5%) |
| Median Home Value | $246,284 |
| Average Home Value | $267,127 |
Housing Distribution
Address Breakdown
Residential
13,468
Single Family
12,907
Multi-Family
561
Businesses
126
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Listed by: Amy K Cardoza • Keller Williams Realty
Mls Name: SNMMLS
Mls ID: #2600156