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1190 Ridgetop Ave
1190 Ridgetop Ave
Las Cruces, NM 88001
About
Renovated duplex at 1190 Ridgetop Avenue configured as a 5-bedroom, 3-bath property with a main home and a separate casita. The property was converted from a 2-bedroom, 2-bath layout, with upgrades including new plumbing to the curb, a new roof, and solar panel installation (owner retains panels and provides an electrical credit). Unit 1 (main) is leased at $1,545/month on a 1-year renewal, following a prior lease at $1,500/month from 03/13/2024 to 02/28/2025. Unit 2 (casita) is leased from 04/11/2025 to 03/31/2026 at $875/month.
Property Management
PMI of New Mexico
At PMI of New Mexico our mission is to set a standard of superior performance and manage all properties for the success of our clients while assuring all of our tenants have the best living experience possible. The key to our growth and success is a direct result of our dedicated management team and together we strive for excellence! In turn, the fruits of our labor is passed on to ensure the success of our client, the well-being of our properties and the future of PMI of New Mexico.
Due Diligence Documents
About this offering
The Market
Las Cruces, NM
Las Cruces is New Mexico’s second-largest city and home to New Mexico State University. White Sands Missile Range, NASA’s White Sands Test Facility, and regional healthcare provide steady employment, and the city sits at the junction of I-10 and I-25. Sunny weather, the Organ Mountains, historic Mesilla, and a low cost of living make it popular with students, families, and retirees alike.
Property Updates
This period, owners will receive the net cash flow for the month of August on a daily basis until October's Lofty Day.
The P&Ls are located in the public P&L Dropbox.
Currently the Casita is listed for rent, Ive instructed PMI to drop the rent amount to fill the vacancy.
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
1190 Ridgetop Ave
Las Cruces, NM 88001
About
Renovated duplex at 1190 Ridgetop Avenue configured as a 5-bedroom, 3-bath property with a main home and a separate casita. The property was converted from a 2-bedroom, 2-bath layout, with upgrades including new plumbing to the curb, a new roof, and solar panel installation (owner retains panels and provides an electrical credit). Unit 1 (main) is leased at $1,545/month on a 1-year renewal, following a prior lease at $1,500/month from 03/13/2024 to 02/28/2025. Unit 2 (casita) is leased from 04/11/2025 to 03/31/2026 at $875/month.
Property Management
PMI of New Mexico
At PMI of New Mexico our mission is to set a standard of superior performance and manage all properties for the success of our clients while assuring all of our tenants have the best living experience possible. The key to our growth and success is a direct result of our dedicated management team and together we strive for excellence! In turn, the fruits of our labor is passed on to ensure the success of our client, the well-being of our properties and the future of PMI of New Mexico.
Due Diligence Documents
Offering Details
The Market
Las Cruces, NM
Las Cruces is New Mexico’s second-largest city and home to New Mexico State University. White Sands Missile Range, NASA’s White Sands Test Facility, and regional healthcare provide steady employment, and the city sits at the junction of I-10 and I-25. Sunny weather, the Organ Mountains, historic Mesilla, and a low cost of living make it popular with students, families, and retirees alike.
Property Updates
This period, owners will receive the net cash flow for the month of August on a daily basis until October's Lofty Day.
The P&Ls are located in the public P&L Dropbox.
Currently the Casita is listed for rent, Ive instructed PMI to drop the rent amount to fill the vacancy.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$1,379.09
Monthly Rent
$659.69
Monthly Expenses
$719.40
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+15.8%
per year over 7 years
7-Year Projection
$2,801
+$1,801 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.