1924 Gorman Ave 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 1924 Gorman Ave SE, Albuquerque, NM, 87106 earns from $2,640/mo rent with a $2,198/mo payment. Total monthly income totals $2,640/mo. ROI tracks 19.43% on current figures, and rental yield reads 7.06% at a $448,990 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,048 over five years. Five-year ROI reaches 100.04% and total cumulative return in cash sums $148,897. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
$190 quarterly 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: Jazmin Paulino Lam • D.R. Horton, Inc.
Mls Name: SWMLS
Mls Provider:
Mls ID: #1094224
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.