2933 Chance RdLas CrucesNM88012
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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 2933 Chance Rd, Las Cruces, NM, 88012 uses $125,970 cash to close to unlock $4,218/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $2,582/mo, and a $1,860/mo payment keeps the spread at $352/mo. Purchase price stands at $380,000, and rental yield measures 8.15% with $2,582/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 120.39% and total cumulative return in cash records $151,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2021
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88012, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 10,562 (74.9%) |
| Renter Occupied HU | 2,769 (19.6%) |
| Vacant Housing Units | 776 ( 5.5%) |
| Median Home Value | $246,284 |
| Average Home Value | $267,127 |
Housing Distribution
Address Breakdown
Residential
13,468
Single Family
12,907
Multi-Family
561
Businesses
126
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Listed by: Gena M Bermudez • Saenz & Smith Real Estate Co
Mls Name: SNMMLS
Mls ID: #2502244