3374 Park Ridge PlLas CrucesNM88005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3374 Park Ridge Pl, Las Cruces, NM, 88005 earns $422/mo cash flow from $2,034/mo rent with a $1,344/mo payment. Total monthly income totals $2,034/mo, and annual cash flow totals $5,068/yr on $90,997 capital. ROI tracks 25.48% on current figures, and rental yield reads 8.89% at a $274,500 purchase. Equity gained on principal adds $1,771/yr, and 5% annual appreciation supports $75,839 over five years. Five-year ROI reaches 132.32% and total cumulative return in cash sums $120,406. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88005, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,062 (57.9%) |
| Renter Occupied HU | 4,000 (32.8%) |
| Vacant Housing Units | 1,128 ( 9.3%) |
| Median Home Value | $251,488 |
| Average Home Value | $293,529 |
Housing Distribution
Address Breakdown
Residential
11,207
Single Family
11,052
Multi-Family
155
Businesses
1,006
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Sims • Sims & Co. Real Estate
Mls Name: SNMMLS
Mls ID: #2503274