5361 Boon PlLas CrucesNM88012
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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 5361 Boon Pl, Las Cruces, NM, 88012 priced at $225,000 converts $2,046/mo rent into $726/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,046/mo, and annual cash flow totals $8,707/yr on $74,588 invested. Return on cash invested prints 31.58% in year one, and rental yield reads 10.91% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 165.05% and total cumulative return in cash sums $123,105. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,046/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88012, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 10,562 (74.9%) |
| Renter Occupied HU | 2,769 (19.6%) |
| Vacant Housing Units | 776 ( 5.5%) |
| Median Home Value | $246,284 |
| Average Home Value | $267,127 |
Housing Distribution
Address Breakdown
Residential
13,468
Single Family
12,907
Multi-Family
561
Businesses
126
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Listed by: Atilana Herrera • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2500810
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.