831 Stone Canyon DrLas CrucesNM88011
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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 831 Stone Canyon Dr, Las Cruces, NM, 88011 offers a 7.99% rental yield on a $312,000 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $1,527/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,952/yr on $103,428 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $2,013/yr while 5% annual appreciation supports $86,200 over five years. Portfolio math shows five-year ROI at 117.73% and total cumulative return in cash at $121,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $1,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
9,583 sqft lot
$N/A/sqft
$10 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88011, Las Cruces, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,449 (100%) |
| Owner Occupied HU | 9,437 (57.4%) |
| Renter Occupied HU | 5,793 (35.2%) |
| Vacant Housing Units | 1,219 ( 7.4%) |
| Median Home Value | $350,120 |
| Average Home Value | $396,254 |
Housing Distribution
Address Breakdown
Residential
15,613
Single Family
13,432
Multi-Family
2,181
Businesses
780
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Listed by: Quayde A Bradford • Keller Williams Realty
Mls Name: SNMMLS
Mls ID: #2501169
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.