4397 N Highway 28Las CrucesNM88005
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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 4397 N Highway 28, Las Cruces, NM, 88005 uses $82,544 cash to close to unlock $3,603/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,762/mo, and a $1,219/mo payment keeps the spread at $300/mo. Purchase price stands at $249,000, and rental yield measures 8.49% with $1,762/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash records $103,904. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,762/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88005, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,062 (57.9%) |
| Renter Occupied HU | 4,000 (32.8%) |
| Vacant Housing Units | 1,128 ( 9.3%) |
| Median Home Value | $251,488 |
| Average Home Value | $293,529 |
Housing Distribution
Address Breakdown
Residential
11,207
Single Family
11,052
Multi-Family
155
Businesses
1,006
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Listed by: Raquel Benitez • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2501184
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.