3398 Chimney Rock 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 3398 Chimney Rock Rd, Las Cruces, NM, 88011 priced at $250,000 converts $1,954/mo rent into $486/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,954/mo, and annual cash flow totals $5,835/yr on $82,875 invested. Return on cash invested prints 26.95% in year one, and rental yield reads 9.38% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 140.2% and total cumulative return in cash sums $116,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,954/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1998
8,712 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: Nora Stone • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2501331
Disclaimer: The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.