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For sale 10 days ago

$409,999

4 bd ba 2377 sqft

4021 Boardwalk Rd, Las Cruces , NM 88012

Residential SFR Occupied

Current Rent **

$2,495

Projected Rent **

$2,600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

$75k under fair market value

This is a newly built custom home. It is an amazing home, built with lots and lots of bells and whistles....not your typical rental. We built it as a spic home and we finished it just at the wrong time to sell when interest rates started going up a couple of years ago. We put a renter in it (paying $2495) and would now like to sell. I am the custom builder who built this home and my partners and I are now willing to sell it for only $410k (we originally had it on the MLS for over $500k).

Location:

4021 Boardwalk Rd, Las Cruces , NM 88012

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.