2005 Thomas Dr Las Cruces, NM 88001

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3 beds · 2 baths · 1,398 sq ft · Lot Size: 6,900 sq ft · Single Family Home · University District
Est. Property Value: $215,185

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2005 Thomas Dr is in the University District neighborhood of Las Cruces, NM. It is located in Doña Ana County and ZIP code 88001. This Single Family Home was built in 1964 and is approximately 61 years old. The single family home spans 1398 sq ft with 3 bedrooms and 2 bathrooms and sits on a 6900 sq ft lot. According to public records, it was last sold in 2018 for $156,250 and has a tax-assessed value of $123,197, which is $154 per sq ft. The University District area of Las Cruces has 706 residential homes with an average size of 1494 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2005 Thomas Dr Las Cruces, NM 88001 with Property Intel by Whitepages.

2005 Thomas Dr

Las Cruces, NM 88001

Owner Info

Owners & Occupancy for 2005 Thomas Dr

This property is owned by Jesse A Rocha. Owner contact information includes 5 phone numbers and 5 email addresses.

Property Owners

Cell Phone(323) ***-****View Cell Phone
Residence**************
Landline(575) 585-2826
Distance from Property**********
Email Address**************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 56

Property Financials for 2005 Thomas Dr

2005 Thomas Dr, Las Cruces, NM has a mortgage from Compass Bk (orig. May 14, 2018). The Doña Ana county assessment for 2024 values it at $123,197, with annual taxes of $1,251.

Mortgage & Equity Information

Loan Amount$******
LenderCompass Bk
Origination DateMay 14, 2018
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity

Property Tax

Purchase DateMay 11, 2018
Property Tax Amount$1,251 in 2024
Purchase Price$156,250
Assessed Value$123,197 on 2024

Investment Potential for 2005 Thomas Dr

The property has a current estimated value of $215,185, which is 2% below the neighborhood median, based on public records. It last sold on May 11, 2018 for $156K. Projected long-term
is $15,000 annually ($1,250 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$15,000 per year($1,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 88001 zip code
 
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Property Details for 2005 Thomas Dr

Property Details

Property Sq Ft

Living Area

1,398 sq ft

6% below market

Lot Size

6,900 sq ft

10% below market

Price Per Sq Ft

Living Area

$154 / sq ft

4% above market

Lot Size Area

$31 / sq ft

9% above market

Property condition, age, exterior, etc. for 2005 Thoma…
Longitude: -106.747492 Latitude: 32.29397 Parcel Number (APN): 02-14921…

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Discover more single family homes near 2005 Thomas Dr in Las Cruces, New Mexico. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 2005 Thomas Dr in Doña Ana County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$215,185
$264,892
-$49,707 (-19%)
$426,062
-$105,301 (-25%)
YoY Price Change
1.36%
372%
Year Built
1964
1991
-27 years
Living Space
1,398 sq ft
1,664 sq ft
-266 (-16%)
$ Per Living Sq Ft
$154
$158
-$4 (-3%)
Lot Size
6,900 sq ft
9,690 sq ft
-2790 (-29%)
$ Per Lot Sq Ft
$31
$23
$8 (33%)

Net Operating Income
$16,797
-$6,618 (-39%)
Annual Revenue
$15,000
$23,400
-$8,400 (-36%)
$5,909
-$1,088 (-18%)
Net Operating Income
$16,797
-$6,618 (-39%)
Cap Rate
7.08%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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