3901 Sonoma Springs Ave APT 704Las 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
Rental property for sale in Las Cruces at 3901 Sonoma Springs Ave APT 704, Las Cruces, NM, 88011 generates $1,643/mo in rent and, after a $1,018/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,643/mo, and annual cash flow is $2,522/yr on $68,952 invested. Return on cash invested sits at 23.57% in year one, and rental yield is 9.48% on a $208,000 entry. Equity gained on principal adds $1,342/yr, while 5% annual appreciation builds toward $57,467 over five years. Five-year ROI reaches 123.44% and total cumulative return in cash sums $85,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,643/mo property income rather than buyer’s personal income.
Condo
Built in 2004
2,613 sqft lot
$N/A/sqft
$212 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dennean M Dyer • BHGRE Steinborn & Associates
Mls Name: SNMMLS
Mls ID: #2501012
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.