1213 Gretta 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 1213 Gretta St NE, Albuquerque, NM, 87112 uses $91,163 cash to close to unlock $8,447/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $2,318/mo, and a $1,346/mo payment keeps the spread at $704/mo. Purchase price stands at $275,000, and rental yield measures 10.11% with $2,318/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 152.1% and total cumulative return in cash records $138,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,318/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,534 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: Leland R Locke • Simply Real Estate
Mls Name: SWMLS
Mls ID: #1091877