1608 3rd St SWAlbuquerqueNM87102
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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 1608 3rd St SW, Albuquerque, NM, 87102 earns $1,065/mo cash flow from $2,638/mo rent with a $1,312/mo payment. Total monthly income totals $2,638/mo, and annual cash flow totals $12,776/yr on $88,842 capital. ROI tracks 34.29% on current figures, and rental yield reads 11.81% at a $268,000 purchase. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 over five years. Five-year ROI reaches 179.55% and total cumulative return in cash sums $159,513. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,638/mo property income instead of your personal income.
Townhouse
Built in 2006
2,627 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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