3650 Morning Star Dr UNIT 3206Las 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 3206, Las Cruces, NM, 88011 offers a 8.55% rental yield on a $275,000 purchase with $1,960/mo rent. Total monthly income registers $1,960/mo, and a $1,346/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $443/yr on $91,163 to close, and return on cash invested stands at 20.39% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 106.5% and total cumulative return in cash at $97,091. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,960/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
3,484 sqft lot
$N/A/sqft
$309 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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Listed by: Lupita Velasquez • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2501971
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.