For SaleRisky Deal1 days on market
1 Las Casitas
1 Las Casitas, Las Cruces, NM 88007, Las Cruces, NM 88007
$379,000
Estimate®:$364,200
Listing Price
1 Las Casitas, Las Cruces, NM 88007
Loc: Las Cruces, NM
Days Listed
1
Tax Assessed
$342k
Estimate®
$364k
Market Rate
Lot Size
6,970 sqft
Rent Estimate
$1,925/mo
Est. Cash Flow base
Type
condo
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.
4
Fairacres Elementary School
PK-5
1.3 mi away
6
Picacho Middle School
6-8
2.9 mi away
7
Mayfield High School
9-12
3.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
stucco exteriorsouthwestern styleattached garagedesert landscapinglow maintenancemulti-levelresidentialshaded entrywaysuburbanneutral colorspaved drivewaytraditional rooflineornamental tree
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.49%
Total ROI
34.6%
Cash Flow
$-866/mo
DSCR
0.56
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-866/mo net cash flow with a 3.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Las Cruces, NM
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $379,000 | $164 |
| 2023-08-24 | Sold | $0 | – |
| 2023-07-26 | Pending sale | $345,000 | $150 |
| 2023-07-08 | Price change | $345,000 | $150 |
| 2022-02-11 | Pending sale | $295,000 | $128 |
| 2022-02-05 | Listed for sale | $295,000 | $128 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,628.56 | $114,057 |
| 2024 | $2,564.4 | $110,735 |
| 2023 | $2,244.36 | $95,839 |
| 2022 | $1,982.72 | $83,095 |
| 2021 | $1,916.04 | $80,675 |
| 2020 | $1,927.36 | $80,675 |
| 2019 | $1,597.08 | $66,765 |
| 2018 | $1,398.84 | $64,820 |
| 2017 | $1,398.84 | $62,933 |
| 2016 | $1,324.12 | $61,100 |
| 2015 | $1,303.56 | $177,972 |
| 2014 | $631.44 | $172,788 |
| 2013 | $1,128.07 | $167,755 |
| 2012 | $1,128.07 | $162,869 |
| 2011 | $1,077.64 | $158,125 |
| 2010 | $1,030.46 | $153,518 |
| 2009 | $932.8 | $149,047 |
| 2008 | $932.8 | $144,706 |
| 2007 | $897.27 | $140,492 |
| 2005 | $867.7 | $136,400 |
| 2004 | $911.85 | $136,400 |
| 2003 | $918.59 | $136,400 |
| 2002 | $950.37 | $136,400 |
| 2001 | $950.37 | $136,400 |
| 2000 | $930.54 | $136,400 |
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