3720 Santa Minerva AveLas CrucesNM88012
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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
Rental property for sale in Las Cruces at 3720 Santa Minerva Ave, Las Cruces, NM, 88012 generates $2,880/mo in rent and, after a $2,070/mo payment, leaves $398/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $4,772/yr on $140,191 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 8.17% on a $422,900 entry. Equity gained on principal adds $2,729/yr, while 5% annual appreciation builds toward $116,839 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash sums $169,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88012, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 10,562 (74.9%) |
| Renter Occupied HU | 2,769 (19.6%) |
| Vacant Housing Units | 776 ( 5.5%) |
| Median Home Value | $246,284 |
| Average Home Value | $267,127 |
Housing Distribution
Address Breakdown
Residential
13,468
Single Family
12,907
Multi-Family
561
Businesses
126
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Listed by: TaylorRae Clark • Home Pros Real Estate Group New Mexico
Mls Name: SNMMLS
Mls ID: #2503194