1604 San Patricio Ave SWAlbuquerqueNM87104
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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
Rental property for sale in Albuquerque at 1604 San Patricio Ave SW, Albuquerque, NM, 87104 generates $4,242/mo in rent and, after a $3,328/mo payment, leaves $251/mo in cash flow. Total monthly income is $4,242/mo, and annual cash flow is $3,012/yr on $223,720 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 7.49% on a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 110.4% and total cumulative return in cash sums $246,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,242/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87104, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,621 (56.8%) |
| Renter Occupied HU | 2,236 (35.1%) |
| Vacant Housing Units | 513 ( 8.1%) |
| Median Home Value | $420,672 |
| Average Home Value | $472,161 |
Housing Distribution
Address Breakdown
Residential
6,079
Single Family
5,907
Multi-Family
172
Businesses
585
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Listed by: Christopher Smith • NM Real Estate Now, LLC
Mls Name: SWMLS
Mls ID: #1088811