533 N Miranda StLas 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 533 N Miranda St, Las Cruces, NM, 88005 offers a 9.11% rental yield on a $105,000 purchase with $797/mo rent. Total monthly income registers $797/mo, and a $514/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,167/yr on $34,808 to close, and return on cash invested stands at 26.14% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 135.91% and total cumulative return in cash at $47,306. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $797/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
9,147 sqft 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: D. Elaine Johnson • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2600264