1909 Gorman Ave S #EAlbuquerqueNM87106
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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 1909 Gorman Ave S #E, Albuquerque, NM, 87106 offers a 5.91% rental yield on a $572,600 purchase with $2,820/mo rent. 61% in year one. Equity gained on principal adds $3,695/yr while 5% annual appreciation supports $158,199 over five years. Portfolio math shows five-year ROI at 84.71% and total cumulative return in cash at $159,589. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $2,803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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: N/A • N/A
Mls Name: Richmond Homes
Mls Provider:
Mls ID: #N/A