3231 Cerro Ct, Las Cruces, NM, 88012 | 5.83% Rental Yield

Off market

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Las Cruces at 3231 Cerro Ct, Las Cruces, NM, 88012 generates $3,756/mo in rent, after a $3,785/mo payment. Total monthly income is $3,756/mo. Return on cash invested sits at 16.37% in year one, and rental yield is 5.83% on a $773,400 entry. Equity gained on principal adds $4,991/yr, while 5% annual appreciation builds toward $213,676 over five years. Five-year ROI reaches 83.38% and total cumulative return in cash sums $212,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,756/mo property income rather than buyer’s personal income.

Home Type Unknown

Built in 2022

1.00 Acres 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