1331 Park Ave SW UNIT 401AlbuquerqueNM87102
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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 1331 Park Ave SW UNIT 401, Albuquerque, NM, 87102 offers a 7.91% rental yield on a $205,000 purchase with $1,351/mo rent. Total monthly income registers $1,351/mo, and a $1,003/mo payment leaves $148/mo available for distribution. Annual cash flow reaches $1,777/yr on $67,958 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 116.5% and total cumulative return in cash at $79,170. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,351/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A 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: Sherilyn Lucas • RE/MAX SELECT
Mls Name: SWMLS
Mls ID: #1091982