1408 Lucretia St SWAlbuquerqueNM87121
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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 1408 Lucretia St SW, Albuquerque, NM, 87121 offers a 15.28% rental yield on a $162,000 purchase with $2,063/mo rent. Total monthly income registers $2,063/mo, and a $793/mo payment leaves $1,112/mo available for distribution. Annual cash flow reaches $13,345/yr on $53,703 to close, and return on cash invested stands at 44.76% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 235.75% and total cumulative return in cash at $126,605. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,063/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87121, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,762 (100%) |
| Owner Occupied HU | 19,384 (72.4%) |
| Renter Occupied HU | 6,066 (22.7%) |
| Vacant Housing Units | 1,312 ( 4.9%) |
| Median Home Value | $208,318 |
| Average Home Value | $228,533 |
Housing Distribution
Address Breakdown
Residential
25,550
Single Family
24,031
Multi-Family
1,519
Businesses
807
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Listed by: Jonathan L. Chambers • The M Real Estate Group
Mls Name: SWMLS
Mls ID: #1088020