2847 Cheyenne DrLas 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
Rental property for sale in Las Cruces at 2847 Cheyenne Dr, Las Cruces, NM, 88011 offers $2,448/mo rent that, after a $1,841/mo payment, leaves $214/mo cash flow. Total monthly income is $2,448/mo, and annual cash flow is $2,568/yr on $124,677 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 7.81% at a $376,100 entry. Equity gained on principal adds $2,427/yr while 5% annual appreciation compounds into $103,910 by year five. Five-year ROI records 113.54% and total cumulative return in cash reaches $141,564. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,448/mo property income versus a $1,841/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
8,712 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
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