For SaleNeutral Deal2 days on market
5366 Redman Rd
5366 Redman Rd, Las Cruces, NM 88011, Las Cruces, NM 88011
$539,900
Listing Price
5366 Redman Rd, Las Cruces, NM 88011
Loc: Las Cruces, NM
Days Listed
2
Tax Assessed
$359k
Lot Size
1.01 acres
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.
6
Tombaugh Elementary School
PK-5
2.9 mi away
6
Zia Middle School
6-8
4.3 mi away
6
Las Cruces High School
9-12
4 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
Pueblo Revivalstucco exteriorsouthwestern styleterracottadesert landscapecourtyardflat roofvigassunset lightingmountain viewcurved wallsxeric landscapingcustom gate
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.51%
Total ROI
100.4%
Cash Flow
$128/mo
DSCR
1.05
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $128/mo net cash flow with a 6.5% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.5%)
- • 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 |
|---|---|---|---|
| 2026-09-21 | Listed for sale | $539,900 | $223 |
| 2026-09-21 | Listing removed | $549,900 | $228 |
| 2026-08-06 | Listed for sale | $549,900 | $228 |
| 2026-08-03 | Pending sale | $549,900 | $228 |
| 2026-07-16 | Price change | $549,900 | $228 |
| 2026-06-30 | Price change | $569,900 | $236 |
| 2026-03-20 | Listed for sale | $580,000 | $240 |
| 2025-12-03 | Listing removed | $480,000 | $199 |
| 2025-11-02 | Pending sale | $480,000 | $199 |
| 2025-10-03 | Listed for sale | $480,000 | $199 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,482.36 | $119,713 |
| 2024 | $2,633.4 | $119,713 |
| 2023 | $2,581.32 | $116,227 |
| 2022 | $2,549.36 | $112,842 |
| 2021 | $2,459.48 | $109,556 |
| 2020 | $2,473.96 | $109,556 |
| 2019 | $2,400.84 | $106,365 |
| 2018 | $2,386.88 | $106,365 |
| 2017 | $2,386.88 | $106,365 |
| 2016 | $2,334.2 | $103,266 |
| 2015 | $2,301.12 | $300,800 |
| 2014 | $2,232.53 | $300,800 |
| 2013 | $2,325.18 | $300,800 |
| 2012 | $2,325.18 | $316,600 |
| 2011 | $2,296.4 | $316,598 |
| 2010 | $2,200.42 | $307,376 |
| 2009 | $2,000.5 | $298,423 |
| 2008 | $2,000.5 | $289,732 |
| 2007 | $1,928.64 | $281,293 |
| 2005 | $1,856.95 | $273,100 |
| 2004 | $1,819.24 | $259,309 |
| 2003 | $1,712.43 | $259,309 |
| 2002 | $1,771.85 | $244,400 |
| 2001 | $1,771.85 | $244,400 |
| 2000 | $2,010.78 | $270,000 |
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