For SaleNeutral Deal0 days on market
1505 Colorado Ave
1505 Colorado Ave, Las Cruces, NM 88001, Las Cruces, NM 88001
$200,000
Listing Price
1505 Colorado Ave, Las Cruces, NM 88001
Loc: Las Cruces, NM
Days Listed
0
Tax Assessed
$109k
Lot Size
8,276 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Hermosa Heights Elementary School
PK-5
0.4 mi away
4
Lynn Middle School
6-8
0.6 mi away
5
Centennial High School
9-12
2.9 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
ranch stylesingle storysidingcarportfenced yardsuburbanresidentiallandscapeneutral tonesgabled roofcompactminimalistcozy
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.36%
Total ROI
97.0%
Cash Flow
$22/mo
DSCR
1.02
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $22/mo net cash flow with a 6.4% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.4%)
- • Strong rental demand in Las Cruces
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 |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $200,000 | $167 |
| 2010-05-11 | Sold | $0 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,037.2 | $36,246 |
| 2024 | $1,010.92 | $35,190 |
| 2023 | $994.8 | $34,166 |
| 2022 | $977.64 | $33,170 |
| 2021 | $974.32 | $33,170 |
| 2020 | $979.4 | $33,170 |
| 2019 | $982.12 | $33,170 |
| 2018 | $976.08 | $33,170 |
| 2017 | $976.08 | $32,205 |
| 2016 | $868.2 | $31,267 |
| 2015 | $910.84 | $93,800 |
| 2014 | $915.59 | $93,800 |
| 2013 | $978.36 | $96,800 |
| 2012 | $978.36 | $101,900 |
| 2011 | $993.42 | $105,008 |
| 2010 | $585.37 | $63,016 |
| 2009 | $534.28 | $61,182 |
| 2008 | $534.28 | $59,400 |
| 2007 | $537.82 | $60,200 |
| 2005 | $545.3 | $61,749 |
| 2004 | $523.54 | $58,200 |
| 2003 | $570.27 | $58,200 |
| 2002 | $585.5 | $63,800 |
| 2001 | $585.5 | $63,800 |
| 2000 | $420.7 | $58,100 |
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