308 E Bowman AveLas 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 308 E Bowman Ave, Las Cruces, NM, 88001 offers $1,286/mo rent that, after a $1,829/mo payment. Total monthly income is $1,286/mo. Return on cash invested measures 11.12% in year one, and rental yield stands at 4.13% at a $373,600 entry. Equity gained on principal adds $2,411/yr while 5% annual appreciation compounds into $103,219 by year five. Five-year ROI records 55.29% and total cumulative return in cash reaches $68,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,286/mo property income versus a $1,829/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
6,596 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: N/A • N/A
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