1633 Cornell Dr SEAlbuquerqueNM87106
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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 1633 Cornell Dr SE, Albuquerque, NM, 87106 listed at $280,000 pairs $1,883/mo rent with a $1,370/mo payment to leave $240/mo cash flow. Total monthly income runs $1,883/mo, and annual cash flow reaches $2,880/yr on $92,820 cash to close. Return on cash invested measures 23.01% in year one, and rental yield registers 8.07% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 119.05% and total cumulative return in cash totals $110,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,883/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87106, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,287 (100%) |
| Owner Occupied HU | 4,759 (33.3%) |
| Renter Occupied HU | 7,794 (54.6%) |
| Vacant Housing Units | 1,734 (12.1%) |
| Median Home Value | $361,724 |
| Average Home Value | $409,846 |
Housing Distribution
Address Breakdown
Residential
12,715
Single Family
11,900
Multi-Family
815
Businesses
1,039
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Listed by: Nathan C Stonehouse • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1091710