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1317 South Solano Dr
1317 South Solano Dr
Las Cruces, NM 88001
About
8-unit mixed-use property in Las Cruces consisting of 7 residential units and 1 retail unit, totaling over 3,800 sq ft on a 0.44-acre lot. The property was fully renovated after being acquired in distressed condition, with upgrades completed over the course of a year. It is zoned C-2, allowing for a mix of residential and commercial uses, and is located in the College Subdivision near local schools. The area has a walk score of 75 and bike score of 70, with proximity to attractions including Organ Mountains–Desert Peaks National Monument, White Sands National Park, and New Mexico State University.
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
The net cash flow in May was $0. As per the governance Vote, distributions will resume once the interest free loan is repaid in full.
Currently the property is 100% occupied. -All Taxes are current.
The property has back owed expenses where rental income did not cover expenses, principal and interest payments.
The Seller/Co-Owner will continue to front these expenses, so no capital call is needed. Once the principal tokens are paid for by the DAO they will be sent to the burn wallet.
Investor Reviews
Frequently Asked Questions
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Share price
1317 South Solano Dr
Las Cruces, NM 88001
About
8-unit mixed-use property in Las Cruces consisting of 7 residential units and 1 retail unit, totaling over 3,800 sq ft on a 0.44-acre lot. The property was fully renovated after being acquired in distressed condition, with upgrades completed over the course of a year. It is zoned C-2, allowing for a mix of residential and commercial uses, and is located in the College Subdivision near local schools. The area has a walk score of 75 and bike score of 70, with proximity to attractions including Organ Mountains–Desert Peaks National Monument, White Sands National Park, and New Mexico State University.
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
The net cash flow in May was $0. As per the governance Vote, distributions will resume once the interest free loan is repaid in full.
Currently the property is 100% occupied. -All Taxes are current.
The property has back owed expenses where rental income did not cover expenses, principal and interest payments.
The Seller/Co-Owner will continue to front these expenses, so no capital call is needed. Once the principal tokens are paid for by the DAO they will be sent to the burn wallet.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Right now this home's rent goes toward costs such as repairs, refilling the operating reserve, or covering a vacancy.
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
$3,162.59
Monthly Rent
$3,162.59
Monthly Expenses
$0.00
Paid to investors
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
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 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.