3650 Morning Star Dr UNIT 2105Las 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
Investment property for sale in Las Cruces at 3650 Morning Star Dr UNIT 2105, Las Cruces, NM, 88011 uses $63,980 cash to close to unlock $6,190/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,752/mo, and a $945/mo payment keeps the spread at $516/mo. Purchase price stands at $193,000, and rental yield measures 10.89% with $1,752/mo rent. Return on cash invested shows 29.58% in year one, and 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 154.99% and total cumulative return in cash records $99,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $945/mo payment rather than investor’s personal income.
Condo
Built in 2007
2,710 sqft lot
$N/A/sqft
$103 monthly 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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