3650 Morning Star Dr UNIT 3702Las 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 3702, Las Cruces, NM, 88011 earns $536/mo cash flow from $1,709/mo rent with a $978/mo payment. Total monthly income totals $1,709/mo, and annual cash flow totals $6,433/yr on $66,267 capital. ROI tracks 29.62% on current figures, and rental yield reads 10.26% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 154.56% and total cumulative return in cash sums $102,421. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,709/mo property income instead of your personal income.
Condo
Built in 2007
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: Michael Carpenter • Prosper Real Estate
Mls Name: SNMMLS
Mls ID: #2502719