409 Palm AveLas CrucesNM88001
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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 409 Palm Ave, Las Cruces, NM, 88001 priced at $285,000 converts $1,706/mo rent into $33/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,706/mo, and annual cash flow totals $397/yr on $94,478 invested. Return on cash invested prints 20.33% in year one, and rental yield reads 7.18% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 104.73% and total cumulative return in cash sums $98,946. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,706/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Multi Family
Built in 2017
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88001, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,722 (100%) |
| Owner Occupied HU | 6,558 (39.2%) |
| Renter Occupied HU | 8,475 (50.7%) |
| Vacant Housing Units | 1,689 (10.1%) |
| Median Home Value | $165,979 |
| Average Home Value | $212,782 |
Housing Distribution
Address Breakdown
Residential
14,579
Single Family
13,463
Multi-Family
1,116
Businesses
1,301
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Listed by: Padma Valdevit • Rethink Real Estate, LLC
Mls Name: SNMMLS
Mls ID: #2501494