1006 8th St SWAlbuquerqueNM87102
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Albuquerque at 1006 8th St SW, Albuquerque, NM, 87102 uses $71,936 cash to close to unlock $7,349/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $1,886/mo, and a $1,062/mo payment keeps the spread at $612/mo. Purchase price stands at $217,000, and rental yield measures 10.43% with $1,886/mo rent. Return on cash invested shows 30.13% in year one, and 5% annual appreciation builds toward $59,953 over five years. Five-year ROI reaches 157.23% and total cumulative return in cash records $113,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,886/mo property income covering a $1,062/mo payment rather than investor’s personal income.
Single Family
Built in 1941
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87102, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,639 (100%) |
| Owner Occupied HU | 3,796 (32.6%) |
| Renter Occupied HU | 6,413 (55.1%) |
| Vacant Housing Units | 1,430 (12.3%) |
| Median Home Value | $312,293 |
| Average Home Value | $339,998 |
Housing Distribution
Address Breakdown
Residential
10,540
Single Family
7,938
Multi-Family
2,602
Businesses
1,856
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Listed by: Michael P McCracken • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1093303