3650 Morning Star Dr UNIT 1205Las 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 3650 Morning Star Dr UNIT 1205, Las Cruces, NM, 88011 generates $1,312/mo in rent, after a $1,106/mo payment. Total monthly income is $1,312/mo. Return on cash invested sits at 19.68% in year one, and rental yield is 6.97% on a $226,000 entry. Equity gained on principal adds $1,458/yr, while 5% annual appreciation builds toward $62,440 over five years. Five-year ROI reaches 101.21% and total cumulative return in cash sums $75,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,312/mo property income rather than buyer’s personal income.
Condo
Built in 2005
2,613 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: Antonio Palomares • EXIT Realty Horizons
Mls Name: SNMMLS
Mls ID: #2503539