6111 Firefly AveLas 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
Investment property for sale in Las Cruces at 6111 Firefly Ave, Las Cruces, NM, 88012 uses $114,036 cash to close to unlock $8,791/yr annual cash flow and $733/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,684/mo payment keeps the spread at $733/mo. Purchase price stands at $344,000, and rental yield measures 9.6% with $2,752/mo rent. Return on cash invested shows 27.62% in year one, and 5% annual appreciation builds toward $95,041 over five years. Five-year ROI reaches 143.77% and total cumulative return in cash records $163,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,684/mo payment rather than investor’s personal income.
Single Family
Built in 2020
5,662 sqft 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: Sherry Good • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2502861