250 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 250 N Martinez St, Las Cruces, NM, 88001 offers $1,262/mo rent that, after a $617/mo payment, leaves $522/mo cash flow. Total monthly income is $1,262/mo, and annual cash flow is $6,266/yr on $41,769 cash. Return on cash invested measures 34.91% in year one, and rental yield stands at 12.02% at a $126,000 entry. Equity gained on principal adds $813/yr while 5% annual appreciation compounds into $34,811 by year five. Five-year ROI records 182.97% and total cumulative return in cash reaches $76,423. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,262/mo property income versus a $617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,969 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: Lance P Raney • Assist-2-sell Buyers & Sellers Realty, LLC
Mls Name: SNMMLS
Mls ID: #2503020