1111 Iron Ave 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 1111 Iron Ave SW, Albuquerque, NM, 87102 earns from $2,418/mo rent with a $2,569/mo payment. Total monthly income totals $2,418/mo. ROI tracks 15.45% on current figures, and rental yield reads 5.53% at a $524,900 purchase. Equity gained on principal adds $3,387/yr, and 5% annual appreciation supports $145,020 over five years. Five-year ROI reaches 78.52% and total cumulative return in cash sums $135,601. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,418/mo property income instead of your personal income.
Single Family
Built in 1916
6,969 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: Kayla D Johnson • New Mexico Real Estate Solutions
Mls Name: SWMLS
Mls ID: #1097982