1420 Elk Ridge Rd NEAlbuquerqueNM87113
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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 1420 Elk Ridge Rd NE, Albuquerque, NM, 87113 earns $50/mo cash flow from $2,034/mo rent with a $1,654/mo payment. Total monthly income totals $2,034/mo, and annual cash flow totals $605/yr on $112,047 capital. ROI tracks 20.45% on current figures, and rental yield reads 7.22% at a $338,000 purchase. Equity gained on principal adds $2,181/yr, and 5% annual appreciation supports $93,383 over five years. Five-year ROI reaches 105.33% and total cumulative return in cash sums $118,022. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.
Single Family
Built in 2002
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87113, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,157 (100%) |
| Owner Occupied HU | 4,448 (62.1%) |
| Renter Occupied HU | 2,272 (31.7%) |
| Vacant Housing Units | 437 ( 6.1%) |
| Median Home Value | $368,198 |
| Average Home Value | $396,826 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
5,816
Multi-Family
1,227
Businesses
1,013
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Listed by: Michael M Seligman • Sotheby's International Realty
Mls Name: SWMLS
Mls ID: #1088740