La Mesa, NM — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.7%
Below average
Monthly Cash Flow
-$997
After all expenses
Price-to-Rent
18.7
Overpriced for rent
DSCR
0.42
Fails
📊 Key Metrics
- Median Home Price
- $323,755
- Average Rent (3BR)
- $1,445/mo
- Price-to-Rent Ratio
- 18.7(high)
- 1% Rule
- 0.45%(fails — need 1%+)
- Cash-on-Cash Return
- -16.0%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.9%(+0.6% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -1.4% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.67%
of assessed value (NM avg)
Median Income
$53,992
household (NM avg)
Rent-to-Income
32.1%
Moderate
Section 8 Max Rent
$1,445/mo
3BR voucher payment
🏛️ NM Investor Climate
Landlord Friendly
5/10
State Income Tax
Has state tax
Property Tax
0.67% effective
Population Trend
-1.4% (3yr)