2531 Tierra Grande CtLas CrucesNM88011
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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 2531 Tierra Grande Ct, Las Cruces, NM, 88011 offers a 11.29% rental yield on a $244,265 purchase with $2,298/mo rent. Total monthly income registers $2,298/mo, and a $1,196/mo payment leaves $790/mo available for distribution. Annual cash flow reaches $9,484/yr on $80,974 to close, and return on cash invested stands at 31.62% in year one. Equity gained on principal adds $1,576/yr while 5% annual appreciation supports $67,486 over five years. Portfolio math shows five-year ROI at 165.66% and total cumulative return in cash at $134,145. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,298/mo property income against a $1,196/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88011, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,449 (100%) |
| Owner Occupied HU | 9,437 (57.4%) |
| Renter Occupied HU | 5,793 (35.2%) |
| Vacant Housing Units | 1,219 ( 7.4%) |
| Median Home Value | $350,120 |
| Average Home Value | $396,254 |
Housing Distribution
Address Breakdown
Residential
15,613
Single Family
13,432
Multi-Family
2,181
Businesses
780
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A