1607 Walter St SEAlbuquerqueNM87102
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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 1607 Walter St SE, Albuquerque, NM, 87102 uses $121,163 cash to close to unlock $10,772/yr annual cash flow and $898/mo monthly cash flow. Total monthly income runs $3,043/mo, and a $1,789/mo payment keeps the spread at $898/mo. Purchase price stands at $365,500, and rental yield measures 9.99% with $3,043/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $100,981 over five years. Five-year ROI reaches 150.11% and total cumulative return in cash records $181,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $1,789/mo payment rather than investor’s personal income.
Single Family
Built in 1928
6,969 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: Gisselle Cera • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1094266