1008 Espejo St NEAlbuquerqueNM87112
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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 1008 Espejo St NE, Albuquerque, NM, 87112 uses $102,434 cash to close to unlock $5,733/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $2,291/mo, and a $1,512/mo payment keeps the spread at $478/mo. Purchase price stands at $309,000, and rental yield measures 8.9% with $2,291/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 132.43% and total cumulative return in cash records $135,653. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,291/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87112, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,832 (100%) |
| Owner Occupied HU | 12,016 (60.6%) |
| Renter Occupied HU | 6,662 (33.6%) |
| Vacant Housing Units | 1,154 ( 5.8%) |
| Median Home Value | $292,317 |
| Average Home Value | $319,321 |
Housing Distribution
Address Breakdown
Residential
19,484
Single Family
17,393
Multi-Family
2,091
Businesses
1,107
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Listed by: Jeremy Navarro Realty Group • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1087165