240 N Martinez StLas CrucesNM88001
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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 240 N Martinez St, Las Cruces, NM, 88001 priced at $145,000 pairs $1,115/mo rent with $264/mo cash flow after a $710/mo payment. Total monthly income equals $1,115/mo, and annual cash flow comes to $3,163/yr on $48,068 invested. Return on cash invested is 26.49% in year one, and rental yield stands at 9.23% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 137.72% and total cumulative return in cash reaches $66,200. For financing, Ziffy Mortgage’s DSCR program evaluates $1,115/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88001, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,722 (100%) |
| Owner Occupied HU | 6,558 (39.2%) |
| Renter Occupied HU | 8,475 (50.7%) |
| Vacant Housing Units | 1,689 (10.1%) |
| Median Home Value | $165,979 |
| Average Home Value | $212,782 |
Housing Distribution
Address Breakdown
Residential
14,579
Single Family
13,463
Multi-Family
1,116
Businesses
1,301
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Listed by: Janelle Arzabal-Monje • Volare Realty Group LLC
Mls Name: SNMMLS
Mls ID: #2502862