3650 Morning Star Dr UNIT 902Las 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 902, Las Cruces, NM, 88011 listed at $183,000 pairs $1,182/mo rent with a $896/mo payment to leave $108/mo cash flow. Total monthly income runs $1,182/mo, and annual cash flow reaches $1,291/yr on $60,665 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 7.75% at a $183,000 basis. Equity gained on principal adds $1,181/yr, and annual property appreciation at 5% supports $50,560 by year five. Five-year ROI tracks 113.86% and total cumulative return in cash totals $69,071. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,182/mo property income relative to a $896/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
1,742 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: Audrey Nicole Moreno • Keller Williams Realty
Mls Name: SNMMLS
Mls ID: #2503812