1512 3rd St NWAlbuquerqueNM87102
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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 1512 3rd St NW, Albuquerque, NM, 87102 listed at $117,279 pairs $1,267/mo rent with a $574/mo payment to leave $495/mo cash flow. Total monthly income runs $1,267/mo, and annual cash flow reaches $5,940/yr on $38,878 cash to close. Return on cash invested measures 35.19% in year one, and rental yield registers 12.96% at a $117,279 basis. Equity gained on principal adds $757/yr, and annual property appreciation at 5% supports $32,402 by year five. Five-year ROI tracks 185.27% and total cumulative return in cash totals $72,029. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,267/mo property income relative to a $574/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1921
9,099 sqft 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: N/A • N/A
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Mls ID: #N/A