701 Parker Rd APT ELas CrucesNM88005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 701 Parker Rd APT E, Las Cruces, NM, 88005 with 5% annual appreciation on a $230,000 basis while $1,894/mo rent supports operations. Total monthly income totals $1,894/mo and a $1,126/mo payment preserves $544/mo for cash returns. Annual cash flow comes to $6,525/yr on $76,245 deployed, and return on cash invested reaches 28.47% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 9.88%. Five-year ROI measures 148.31% and total cumulative return in cash totals $113,083.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,894/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1984
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Good • RE/MAX Classic Realty
Mls Name: SNMMLS
Mls ID: #2501341
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.