420 E Picacho 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
Investment property for sale in Las Cruces at 420 E Picacho Ave, Las Cruces, NM, 88001 uses $56,355 cash to close to unlock $3,291/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,272/mo, and a $832/mo payment keeps the spread at $274/mo. Purchase price stands at $170,000, and rental yield measures 8.98% with $1,272/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash records $75,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,272/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1959
3,049 sqft 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: Manny Patino • Patino Real Estate
Mls Name: SNMMLS
Mls ID: #2502658