3649 Balboa CtLas CrucesNM88012
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 3649 Balboa Ct, Las Cruces, NM, 88012 uses $148,943 cash to close to unlock $6,289/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $3,187/mo, and a $2,199/mo payment keeps the spread at $524/mo. Purchase price stands at $449,300, and rental yield measures 8.51% with $3,187/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $124,133 over five years. Five-year ROI reaches 125.16% and total cumulative return in cash records $186,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,187/mo property income covering a $2,199/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A