2865 E Springs RdLas 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 2865 E Springs Rd, Las Cruces, NM, 88011 priced at $424,950 converts $2,768/mo rent into $274/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,768/mo, and annual cash flow totals $3,284/yr on $140,871 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 7.82% against a $424,950 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,406 by year five. Five-year ROI reaches 114.92% and total cumulative return in cash sums $161,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,768/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2023
9,147 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: David R Blackmon • Flair Realty
Mls Name: SNMMLS
Mls ID: #2301966