606 N Melendres 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 606 N Melendres St, Las Cruces, NM, 88005 uses $41,305 cash to close to unlock $13,345/yr annual cash flow and $1,112/mo monthly cash flow. Total monthly income runs $1,847/mo, and a $610/mo payment keeps the spread at $1,112/mo. Purchase price stands at $124,600, and rental yield measures 17.79% with $1,847/mo rent. Return on cash invested shows 52.22% in year one, and 5% annual appreciation builds toward $34,425 over five years. Five-year ROI reaches 275.85% and total cumulative return in cash records $113,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,847/mo property income covering a $610/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,188 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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