2023 Sea Foam St NWAlbuquerqueNM87120
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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 2023 Sea Foam St NW, Albuquerque, NM, 87120 uses $79,030 cash to close to unlock $4,844/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $1,818/mo, and a $1,167/mo payment keeps the spread at $404/mo. Purchase price stands at $238,400, and rental yield measures 9.15% with $1,818/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $65,866 over five years. Five-year ROI reaches 135.39% and total cumulative return in cash records $106,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,818/mo property income covering a $1,167/mo payment rather than investor’s personal income.
Single Family
Built in 2001
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87120, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,486 (100%) |
| Owner Occupied HU | 20,407 (74.2%) |
| Renter Occupied HU | 6,121 (22.3%) |
| Vacant Housing Units | 958 ( 3.5%) |
| Median Home Value | $328,102 |
| Average Home Value | $357,306 |
Housing Distribution
Address Breakdown
Residential
27,101
Single Family
24,543
Multi-Family
2,558
Businesses
696
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Listed by: Scott Dean • RE/MAX SELECT
Mls Name: SWMLS
Mls Provider:
Mls ID: #1087259
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.