OFF_MARKETRisky Deal15 days on market

2538 Cherokee Cir

2538 Cherokee Cir, Las Cruces, NM 88011, Las Cruces, NM 88011
$399,900
Zestimate®:$405,100$5,200 Under Market

Listing Price

Property image 1
2538 Cherokee Cir, Las Cruces, NM 88011
Loc: Las Cruces, NM
Days Listed
15
Tax Assessed
$281k
Zestimate®
$405k
1% Under Valued
Lot Size
0.28 acres
Rent Estimate
$2,502/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

9

Desert Hills Elementary School

PK-5
0.7 mi away
8

Camino Real Middle School

6-8
1.3 mi away
5

Centennial High School

9-12
2.9 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.87%
Total ROI
64.6%
Cash Flow
$-453/mo
DSCR
0.78
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-03-31Pending sale$399,900$166
2026-03-25Listed for sale$399,900$166
2026-02-27Pending sale$399,900$166
2026-02-11Listed for sale$399,900$166
2024-10-02Listing removed$2,200$1
2024-09-29Price change$2,200$1
2024-09-13Listed for rent$2,450$1
2024-09-03Listing removed$425,900$177
2024-08-30Price change$425,900$177
2024-06-14Listed for sale$435,900$181

Tax History

YearProperty TaxTax Assessment
2025$2,477.24$93,792
2024$2,590.84$91,060
2023$2,548.64$88,408
2022$2,503.96$85,833
2021$2,417.28$83,333
2020$2,429.88$83,333
2019$2,676.72$90,954
2018$2,577.4$88,306
2017$2,577.4$88,306
2016$2,365.72$85,733
2015$2,322.72$249,700
2014$2,261.64$249,700
2013$2,224.57$249,700
2012$2,224.57$249,700
2011$2,191.7$249,672
2010$2,084.53$242,400
2009$2,214.2$253,554
2008$2,214.2$246,170
2007$2,135.13$239,000
2005$1,722.92$195,100
2004$1,243.21$138,200
2003$1,321.1$138,200
2002$1,356.37$147,800
2001$1,356.37$147,800
2000$1,271.15$139,300
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,405
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $399,900Rent Basis: Observed Comp Model ($2,502/mo)State Tax Benchmark: 0.8% (NM)Hazard Reserve: $117/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.87%

NOI: $19,463/yr

Cash-on-Cash Yield
-5.9%

On $91,977 invested

DSCR Ratio
0.78x

Negative debt coverage

5-Yr Leveraged ROI
+64.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.8% of basis)-$188/mo
Homeowner / Hazard Insurance-$117/mo
Vacancy Reserve (5% of rent)-$125/mo
Repairs & Maintenance (10% of rent)-$250/mo
Property Management (8% of rent)-$200/mo
Total Pure Operating Expenses-$880/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,502/mo
Less: Operating Expenses-$880/mo
Net Operating Income (NOI)+$1,622/mo
Less: Debt Service (30yr @ 6.75%)-$2,075/mo
Net Cash Flow
$-453/mo
$-5,436/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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