205 Morningside 207 Dr NEAlbuquerqueNM87108
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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 205 Morningside 207 Dr NE, Albuquerque, NM, 87108 listed at $187,091 pairs $3,188/mo rent with a $916/mo payment to leave $1,975/mo cash flow. Total monthly income runs $3,188/mo, and annual cash flow reaches $23,698/yr on $62,021 cash to close. Return on cash invested measures 58.12% in year one, and rental yield registers 20.45% at a $187,091 basis. Equity gained on principal adds $1,207/yr, and annual property appreciation at 5% supports $51,690 by year five. Five-year ROI tracks 308.14% and total cumulative return in cash totals $191,111. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,188/mo property income relative to a $916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1947
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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Listed by: N/A • N/A
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Mls ID: #N/A