14312 Mel Smith Ct NEAlbuquerqueNM87123
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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 14312 Mel Smith Ct NE, Albuquerque, NM, 87123 uses $149,009 cash to close to unlock $7,353/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $3,251/mo, and a $2,200/mo payment keeps the spread at $613/mo. Purchase price stands at $449,500, and rental yield measures 8.68% with $3,251/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash records $192,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,251/mo property income covering a $2,200/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87123, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,333 (100%) |
| Owner Occupied HU | 12,086 (59.4%) |
| Renter Occupied HU | 6,976 (34.3%) |
| Vacant Housing Units | 1,271 ( 6.3%) |
| Median Home Value | $298,147 |
| Average Home Value | $308,019 |
Housing Distribution
Address Breakdown
Residential
19,175
Single Family
16,887
Multi-Family
2,288
Businesses
801
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Listed by: Jeremy Navarro Realty Group • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1094735