Las Cruces Investment Analysis

Investment Property in Las Cruces, NM

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Las Cruces, NM Real Estate Investment Performance

PROPERTY SALE PRICE

$310,119

Median

2,140

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

N/A

Airbnb
NUMBER OF PROPERTIES

930

Investment

229

Airbnb

26

Traditional

25%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

379

Number of homes sold

53

Median days on market

97%

Average sale-to-list price ratio

31%

Percentage of listings with price drops

930

Active listings count

495

New listings count

3.6

Months of supply

Las Cruces, NM Properties Rental Prices

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Investment Properties for Sale in Las Cruces, NM

Investment Properties for Sale
$90,000
MLS 2600454
Alameda Depot
Single Family Residential
3 beds 1 baths 1,006 sq.ft.
CAP RATE Trad. 10.41% Airbnb 6.74%
Investment Properties for Sale
$74,900
MLS 946114
Las Esperanzas
Single Family Residential
2 beds 1 baths 970 sq.ft.
CAP RATE Trad. 8.11% Airbnb 4.32%
Investment Properties for Sale
$159,000
MLS 2500807
Alameda Depot
Manufactured Home
3 beds 2 baths 1,344 sq.ft.
CAP RATE Trad. 8.24% Airbnb 3.90%
Investment Properties for Sale
$150,000
MLS 2602153
Dona Ana
Manufactured Home
3 beds 2 baths 1,568 sq.ft.
CAP RATE Trad. 9.76% Airbnb 3.55%
Investment Properties for Sale
$150,000
MLS 2600807
Las Esperanzas
Single Family Residential
3 beds 3 baths 1,539 sq.ft.
CAP RATE Trad. 7.73% Airbnb 3.50%
Investment Properties for Sale
$160,000
MLS 2601407
Alameda Depot
Townhouse
3 beds 2 baths 863 sq.ft.
CAP RATE Trad. 6.44% Airbnb 3.44%
Investment Properties for Sale
$169,600
MLS 2601374
Alameda Depot
Single Family Residential
3 beds 2 baths 2,605 sq.ft.
CAP RATE Trad. 11.42% Airbnb 3.18%
Investment Properties for Sale
$185,000
MLS 2601488
Las Esperanzas
Townhouse
3 beds 2 baths 1,521 sq.ft.
CAP RATE Trad. 7.91% Airbnb 2.91%

Single Family Houses for Sale in Las Cruces, NM

Investment Properties for Sale
$90,000
MLS 2600454
Alameda Depot
Single Family Residential
3 beds 1 baths 1,006 sq.ft.
CAP RATE Trad. 10.41% Airbnb 6.74%
Investment Properties for Sale
$74,900
MLS 946114
Las Esperanzas
Single Family Residential
2 beds 1 baths 970 sq.ft.
CAP RATE Trad. 8.11% Airbnb 4.32%
Investment Properties for Sale
$150,000
MLS 2600807
Las Esperanzas
Single Family Residential
3 beds 3 baths 1,539 sq.ft.
CAP RATE Trad. 7.73% Airbnb 3.50%
Investment Properties for Sale
$169,600
MLS 2601374
Alameda Depot
Single Family Residential
3 beds 2 baths 2,605 sq.ft.
CAP RATE Trad. 11.42% Airbnb 3.18%
Investment Properties for Sale
$109,900
MLS 2600356
Las Esperanzas
Single Family Residential
2 beds 2 baths 1,022 sq.ft.
CAP RATE Trad. 9.90% Airbnb 2.58%
Investment Properties for Sale
$185,000
MLS 2601849
Las Esperanzas
Single Family Residential
3 beds 2 baths 1,998 sq.ft.
CAP RATE Trad. 9.47% Airbnb 2.50%
Investment Properties for Sale
$219,000
MLS 2602089
Alameda Depot
Single Family Residential
3 beds 1 baths 1,242 sq.ft.
CAP RATE Trad. 4.39% Airbnb 2.35%
Investment Properties for Sale
$219,000
MLS 2602242
Las Esperanzas
Single Family Residential
3 beds 1 baths 1,422 sq.ft.
CAP RATE Trad. 5.07% Airbnb 2.25%

Condos for Sale in Las Cruces, NM

Investment Properties for Sale
$259,000
MLS 2503364
Las Esperanzas
Condo/Coop
3 beds 2 baths 1,728 sq.ft.
CAP RATE Trad. 5.99% Airbnb 1.35%
Investment Properties for Sale
$218,000
MLS 2601573
Las Esperanzas
Condo/Coop
2 beds 2 baths 1,088 sq.ft.
CAP RATE Trad. 5.97% Airbnb 1.20%
Investment Properties for Sale
$335,000
MLS 2601735
Las Esperanzas
Condo/Coop
3 beds 2 baths 1,892 sq.ft.
CAP RATE Trad. 3.93% Airbnb 0.70%
Investment Properties for Sale
$274,000
MLS 2601684
Las Esperanzas
Condo/Coop
2 beds 2 baths 1,587 sq.ft.
CAP RATE Trad. 5.36% Airbnb -0.23

Townhouses for Sale in Las Cruces, NM

Investment Properties for Sale
$160,000
MLS 2601407
Alameda Depot
Townhouse
3 beds 2 baths 863 sq.ft.
CAP RATE Trad. 6.44% Airbnb 3.44%
Investment Properties for Sale
$185,000
MLS 2601488
Las Esperanzas
Townhouse
3 beds 2 baths 1,521 sq.ft.
CAP RATE Trad. 7.91% Airbnb 2.91%
Investment Properties for Sale
$170,000
MLS 2601357
Las Esperanzas
Townhouse
3 beds 2 baths 1,164 sq.ft.
CAP RATE Trad. 6.69% Airbnb 2.67%
Investment Properties for Sale
$219,500
MLS 2601872
Las Esperanzas
Townhouse
3 beds 2 baths 1,394 sq.ft.
CAP RATE Trad. 5.50% Airbnb 1.82%
Investment Properties for Sale
$249,000
MLS 2601549
Las Esperanzas
Townhouse
3 beds 2 baths 1,861 sq.ft.
CAP RATE Trad. 6.08% Airbnb 1.57%
Investment Properties for Sale
$235,000
MLS 2601522
Alameda Depot
Townhouse
2 beds 2 baths 891 sq.ft.
CAP RATE Trad. 3.35% Airbnb 1.20%
Investment Properties for Sale
$162,000
MLS 2602165
Las Esperanzas
Townhouse
2 beds 1 baths 888 sq.ft.
CAP RATE Trad. 4.72% Airbnb 1.17%
Investment Properties for Sale
$165,000
MLS 2601416
Las Esperanzas
Townhouse
2 beds 2 baths 986 sq.ft.
CAP RATE Trad. 5.87% Airbnb 1.06%

Top Las Cruces, NM Neighborhoods - Real Estate Market Analysis

Las Esperanzas
PROPERTY PRICE

$339,450

Median for city
CAP RATE

5.04%

Traditional

3.96%

Airbnb
RENTAL INCOME

$ 1,431

Traditional

$ 1,804

Airbnb

58%

Airbnb occupancy rate
Alameda Depot
PROPERTY PRICE

$339,450

Median for city
CAP RATE

2.89%

Traditional

3.00%

Airbnb
RENTAL INCOME

$ 1,007

Traditional

$ 1,594

Airbnb

57%

Airbnb occupancy rate
Dona Ana
PROPERTY PRICE

$339,450

Median for city
CAP RATE

4.25%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,241

Traditional

$ 694

Airbnb

44%

Airbnb occupancy rate
Radium Springs
PROPERTY PRICE

$339,450

Median for city
CAP RATE

1.39%

Traditional

2.33%

Airbnb
RENTAL INCOME

$ 990

Traditional

$ 1,461

Airbnb

42%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Las Cruces, NM

Cul-de-sac Condo
$113 per night Airbnb occupancy rate 47%
Entire townhouse 2 · 2 · 4
Rental Income: $1,601 per month
4.94
514
Quaint & Sunny 1 Bedroom Apt
$172 per night Airbnb occupancy rate 1%
Apartment 1 · 1 · 2
Rental Income: $47 per month
4.92
486
Sunset Escape
$175 per night Airbnb occupancy rate 32%
House 4 · 0 · 9
Rental Income: $1,677 per month
4.87
381
Clara's Nest - The Gem of Hacienda de las Cruces
$201 per night Airbnb occupancy rate 35%
Entire guesthouse 1 · 1 · 3
Rental Income: $2,127 per month
4.97
363
Casita Arriba Historic District
$63 per night Airbnb occupancy rate 11%
Guest suite 1 · 1 · 2
Rental Income: $215 per month
4.85
355
Casa Miranda, The Organ Mountains Looking House
$94 per night Airbnb occupancy rate 41%
House 2 · 2 · 4
Rental Income: $1,183 per month
4.87
346
Tuscan Villa Outdoor Living, Jacuzzi & Gym
$151 per night Airbnb occupancy rate 66%
House 3 · 0 · 6
Rental Income: $3,045 per month
4.86
344
Casita on the Camino Real.
$54 per night Airbnb occupancy rate 51%
Apartment 1 · 1 · 2
Rental Income: $833 per month
4.97
325

Real Estate Investment Analysis - Other Cities in new mexico

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Santa Fe $699,000 1% 1% $1,946 $2,096 670 27%
Rio Rancho $435,000 4% 1% $2,313 $1,823 321 30%
Clovis $215,000 8% 1% $2,110 $811 156 25%
Farmington $329,000 5% 2% $2,064 $1,358 128 29%
View all new mexico cities
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