3650 Morning Star Dr UNIT 308Las CrucesNM88011
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 3650 Morning Star Dr UNIT 308, Las Cruces, NM, 88011 uses $69,284 cash to close to unlock $4,575/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,608/mo, and a $1,023/mo payment keeps the spread at $381/mo. Purchase price stands at $209,000, and rental yield measures 9.23% with $1,608/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 137.89% and total cumulative return in cash records $95,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,608/mo property income covering a $1,023/mo payment rather than investor’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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Abraham M Cardenas • EXIT Realty Horizons
Mls Name: SNMMLS
Mls ID: #2502162