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$416,000

NAL Estimated Property Value

1775 RAY LUCHINI Drive, Las Cruces, NM, 88007

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,132 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$197 / sqft
Year BuiltBuilt in 1999

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDouble Oven, Gas Cooktop, Microwave, Refrigerator
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPlayground
Lot Size3.01 acres

Building Information

Year Built1999
Stories1
Roof Type158

Land Information

APN4-004-134-081-374
Land UseResidential
Legal DescriptionS: 10 T: 23S R: 1E PT OF USRS TR 6-25A2, INSTRUMENT #2425296
Census Tract001502
Assessed Land Value$34,113
Assessed Improvement Value$84,063
Assessment Year2025

About this property

Country living just leveled up. Welcome to your own 3-acre retreat where wide-open skies, mountain views, and river access set the tone for everyday living, all with the convenience of a paved road. Thisproperty is fully fenced with main home featuring 4-bedrooms, 2-baths, kitchen with large island, double oven, microwave, and SS refrigerator. Refrigerated A/C. Comfort of space both inside and out. Need room for guests ormulti-gen living? The casita offers its own private entrance, with 1 bedroom, 1 bath, and a full living, dining, and kitchen setup. Designed with function in mind, this property is ready for horses and livestock with stalls, anarena, tack room, hay/equipment barn, pens, and even a chicken coop. . . plus groundwater rights. When it's time to unwind, enjoy the above-ground pool, fire pit area, and endless room for all your outdoor toys. The perfectblend of country charm and modern comfort, this one checks every box. Schedule your showing and come experience it for yourself.

Investor Tools

Property Icon
$416,000
Estimated Property Value
$371,499Estimated Mortgage Balance
$44,501Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$118,176
2025
$34,113
$84,063
$354,530
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$118,176

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Va
$374,765
Yes
First
Nov 7, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,499
$44,501
10%
89%
$2,247/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,459/mo
$2,247/mo
$-788/mo
4.2%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore NM Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Las Cruces

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1775 RAY LUCHINI Drive | Property Details | No Agent List