Las Cruces Investment Analysis

Investment Property in Las Cruces, NM

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Las Cruces, NM Real Estate Investment Performance

PROPERTY SALE PRICE

$314,850

Median

2,065

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

1.00%

Airbnb
NUMBER OF PROPERTIES

875

Investment

223

Airbnb

26

Traditional

29%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

351

Number of homes sold

49

Median days on market

94%

Average sale-to-list price ratio

35%

Percentage of listings with price drops

875

Active listings count

452

New listings count

4.4

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
$130,000
MLS 2602941
Las Esperanzas
Single Family Residential
3 beds 2 baths 1,390 sq.ft.
CAP RATE Trad. 12.04% Airbnb 7.24%
Investment Properties for Sale
$140,000
MLS 2603267
Las Esperanzas
Manufactured Home
3 beds 2 baths 1,128 sq.ft.
CAP RATE Trad. 8.25% Airbnb 6.49%
Investment Properties for Sale
$145,000
MLS 2603085
Las Esperanzas
Single Family Residential
3 beds 1 baths 1,539 sq.ft.
CAP RATE Trad. 8.06% Airbnb 6.20%
Investment Properties for Sale
$165,000
MLS 2603180
Las Esperanzas
Manufactured Home
3 beds 2 baths 1,644 sq.ft.
CAP RATE Trad. 8.68% Airbnb 5.65%
Investment Properties for Sale
$134,900
MLS 2602505
Alameda Depot
Single Family Residential
3 beds 2 baths 1,614 sq.ft.
CAP RATE Trad. 9.56% Airbnb 5.66%
Investment Properties for Sale
$139,900
MLS 2602727
Alameda Depot
Single Family Residential
3 beds 2 baths 1,652 sq.ft.
CAP RATE Trad. 11.53% Airbnb 5.37%
Investment Properties for Sale
$165,900
MLS 2601230
Las Esperanzas
Condo/Coop
3 beds 3 baths 1,632 sq.ft.
CAP RATE Trad. 9.59% Airbnb 5.32%
Investment Properties for Sale
$175,000
MLS 2602817
Las Esperanzas
Single Family Residential
3 beds 1 baths 972 sq.ft.
CAP RATE Trad. 5.36% Airbnb 5.27%

Single Family Houses for Sale in Las Cruces, NM

Investment Properties for Sale
$130,000
MLS 2602941
Las Esperanzas
Single Family Residential
3 beds 2 baths 1,390 sq.ft.
CAP RATE Trad. 12.04% Airbnb 7.24%
Investment Properties for Sale
$145,000
MLS 2603085
Las Esperanzas
Single Family Residential
3 beds 1 baths 1,539 sq.ft.
CAP RATE Trad. 8.06% Airbnb 6.20%
Investment Properties for Sale
$134,900
MLS 2602505
Alameda Depot
Single Family Residential
3 beds 2 baths 1,614 sq.ft.
CAP RATE Trad. 9.56% Airbnb 5.66%
Investment Properties for Sale
$139,900
MLS 2602727
Alameda Depot
Single Family Residential
3 beds 2 baths 1,652 sq.ft.
CAP RATE Trad. 11.53% Airbnb 5.37%
Investment Properties for Sale
$175,000
MLS 2602817
Las Esperanzas
Single Family Residential
3 beds 1 baths 972 sq.ft.
CAP RATE Trad. 5.36% Airbnb 5.27%
Investment Properties for Sale
$74,900
MLS 946114
Las Esperanzas
Single Family Residential
2 beds 1 baths 970 sq.ft.
CAP RATE Trad. 8.61% Airbnb 5.22%
Investment Properties for Sale
$180,000
MLS 2602389
Las Esperanzas
Single Family Residential
3 beds 2 baths 1,737 sq.ft.
CAP RATE Trad. 9.05% Airbnb 4.64%
Investment Properties for Sale
$167,500
MLS 2603115
Alameda Depot
Single Family Residential
3 beds 1 baths 1,176 sq.ft.
CAP RATE Trad. 6.64% Airbnb 4.42%

Multi Family Houses for sale in Las Cruces, NM

Investment Properties for Sale
$295,000
MLS 2602248
Las Esperanzas
Multi Family
6 beds 4 baths N/A sq.ft.
CAP RATE Trad. 6.96% Airbnb 0.16%
Investment Properties for Sale
$295,000
MLS 2602247
Las Esperanzas
Multi Family
6 beds 4 baths 2,172 sq.ft.
CAP RATE Trad. 7.08% Airbnb 0.14%
Investment Properties for Sale
$215,000
MLS 2602635
Las Esperanzas
Multi Family
2 beds 2 baths N/A sq.ft.
CAP RATE Trad. 4.03% Airbnb N/A
Investment Properties for Sale
$1,250,000
MLS 2601846
Las Esperanzas
Multi Family
N/A beds N/A baths N/A sq.ft.
CAP RATE Trad. 0.20% Airbnb N/A

Condos for Sale in Las Cruces, NM

Investment Properties for Sale
$165,900
MLS 2601230
Las Esperanzas
Condo/Coop
3 beds 3 baths 1,632 sq.ft.
CAP RATE Trad. 9.59% Airbnb 5.32%
Investment Properties for Sale
$245,000
MLS 2602793
Las Esperanzas
Condo/Coop
3 beds 2 baths 1,338 sq.ft.
CAP RATE Trad. 6.06% Airbnb 3.68%
Investment Properties for Sale
$102,000
MLS 2602933
Las Esperanzas
Condo/Coop
2 beds 2 baths 1,024 sq.ft.
CAP RATE Trad. 11.78% Airbnb 3.49%
Investment Properties for Sale
$249,000
MLS 2603067
Las Esperanzas
Condo/Coop
3 beds 2 baths 1,728 sq.ft.
CAP RATE Trad. 5.96% Airbnb 3.12%
Investment Properties for Sale
$150,000
MLS 2603116
Las Esperanzas
Condo/Coop
2 beds 2 baths 1,198 sq.ft.
CAP RATE Trad. 7.79% Airbnb 1.76%
Investment Properties for Sale
$229,900
MLS 2603158
Las Esperanzas
Condo/Coop
2 beds 2 baths 1,246 sq.ft.
CAP RATE Trad. 6.03% Airbnb 1.29%
Investment Properties for Sale
$379,000
MLS 2603018
Alameda Depot
Condo/Coop
3 beds 3 baths 2,305 sq.ft.
CAP RATE Trad. 3.41% Airbnb 0.86%
Investment Properties for Sale
$349,000
MLS 2603425
Alameda Depot
Condo/Coop
3 beds 2 baths 1,753 sq.ft.
CAP RATE Trad. 1.85% Airbnb 0.22%

Townhouses for Sale in Las Cruces, NM

Investment Properties for Sale
$254,900
MLS 2603201
Las Esperanzas
Townhouse
3 beds 2 baths 1,298 sq.ft.
CAP RATE Trad. 5.54% Airbnb 3.04%
Investment Properties for Sale
$215,000
MLS 2602741
Dona Ana
Townhouse
3 beds 2 baths 1,127 sq.ft.
CAP RATE Trad. 5.55% Airbnb 2.90%
Investment Properties for Sale
$252,500
MLS 2603342
Las Esperanzas
Townhouse
3 beds 2 baths 1,538 sq.ft.
CAP RATE Trad. 5.38% Airbnb 2.80%
Investment Properties for Sale
$259,000
MLS 2603395
Las Esperanzas
Townhouse
3 beds 2 baths 1,658 sq.ft.
CAP RATE Trad. 5.32% Airbnb 2.68%
Investment Properties for Sale
$225,000
MLS 2603332
Alameda Depot
Townhouse
3 beds 2 baths 1,461 sq.ft.
CAP RATE Trad. 5.95% Airbnb 2.68%
Investment Properties for Sale
$229,500
MLS 2602483
Dona Ana
Townhouse
3 beds 3 baths 1,728 sq.ft.
CAP RATE Trad. 5.32% Airbnb 2.31%
Investment Properties for Sale
$274,900
MLS 2603123
Dona Ana
Townhouse
3 beds 2 baths 1,264 sq.ft.
CAP RATE Trad. 4.78% Airbnb 1.93%
Investment Properties for Sale
$156,000
MLS 2602165
Las Esperanzas
Townhouse
2 beds 1 baths 888 sq.ft.
CAP RATE Trad. 4.97% Airbnb 1.57%

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
$118 per night Airbnb occupancy rate 39%
Entire townhouse 2 · 2 · 4
Rental Income: $1,387 per month
4.94
523
Sunset Escape
$165 per night Airbnb occupancy rate 32%
House 4 · 2 · 9
Rental Income: $1,623 per month
4.88
394
Clara's Nest - The Gem of Hacienda de las Cruces
$162 per night Airbnb occupancy rate 41%
Entire guesthouse 1 · 1 · 3
Rental Income: $2,039 per month
4.97
373
Tuscan Villa Outdoor Living, Jacuzzi & Gym
$149 per night Airbnb occupancy rate 61%
House 3 · 2 · 6
Rental Income: $2,769 per month
4.86
368
Casa Miranda, The Organ Mountains Looking House
$97 per night Airbnb occupancy rate 44%
House 2 · 2 · 4
Rental Income: $1,285 per month
4.87
352
The Ritz Spa Sanctuary hot tub/patio/fam/pet
$112 per night Airbnb occupancy rate 56%
Entire townhouse 2 · 2 · 5
Rental Income: $1,923 per month
4.94
335
Artistic Escape
$82 per night Airbnb occupancy rate 16%
Apartment null · 1 · 3
Rental Income: $410 per month
4.84
327
Casita on the Camino Real.
$55 per night Airbnb occupancy rate 58%
Apartment 0 · 1 · 2
Rental Income: $976 per month
4.97
327

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
Albuquerque $384,212 3% 1% $2,008 $1,805 1,577 32%
Santa Fe $675,000 1% 1% $1,939 $2,511 656 35%
Rio Rancho $424,913 4% 2% $2,289 $1,867 508 32%
Los Lunas $365,900 4% 1% $2,122 $1,343 185 26%
Farmington $349,900 5% 2% $2,104 $1,327 125 27%
Taos $650,000 1% 1% $1,865 $2,041 119 26%
View all new mexico cities
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