1124 California St SEAlbuquerqueNM87108
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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 1124 California St SE, Albuquerque, NM, 87108 uses $66,267 cash to close to unlock $4,709/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $1,596/mo, and a $978/mo payment keeps the spread at $392/mo. Purchase price stands at $199,900, and rental yield measures 9.58% with $1,596/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash records $93,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,534 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
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Listed by: Better With Baron Team • Keller Williams Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1086496
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.