1120 Truman St SEAlbuquerqueNM87108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Albuquerque at 1120 Truman St SE, Albuquerque, NM, 87108 priced at $259,500 converts $1,678/mo rent into $101/mo cash flow after a $1,270/mo obligation. Total monthly income equals $1,678/mo, and annual cash flow totals $1,216/yr on $86,024 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 7.76% against a $259,500 entry. Equity gained on principal adds $1,675/yr, while 5% annual appreciation compiles into $71,695 by year five. Five-year ROI reaches 110.32% and total cumulative return in cash sums $94,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,678/mo property income covering a $1,270/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristy Kailynn Hepker-Garcia • HomeSmart Realty Pros
Mls Name: SWMLS
Mls Provider:
Mls ID: #1068852
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.