601 E Griggs 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 601 E Griggs Ave, Las Cruces, NM, 88001 priced at $173,500 pairs $1,530/mo rent with $512/mo cash flow after a $849/mo payment. Total monthly income equals $1,530/mo, and annual cash flow comes to $6,142/yr on $57,515 invested. Return on cash invested is 30.59% in year one, and rental yield stands at 10.58% on a $173,500 basis. Equity gained on principal adds $1,120/yr, and 5% annual appreciation accumulates to $47,935 by year five. Five-year ROI measures 159.7% and total cumulative return in cash reaches $91,852. For financing, Ziffy Mortgage’s DSCR program evaluates $1,530/mo property income against a $849/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
3,484 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: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #2503423