212 Lavender Pl NEAlbuquerqueNM87113
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Albuquerque at 212 Lavender Pl NE, Albuquerque, NM, 87113 offers $4,690/mo rent that, after a $6,363/mo payment. Total monthly income is $4,690/mo. Return on cash invested measures 11.99% in year one, and rental yield stands at 4.33% at a $1,300,000 entry. Equity gained on principal adds $8,389/yr while 5% annual appreciation compounds into $359,166 by year five. Five-year ROI records 59.86% and total cumulative return in cash reaches $252,147. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,690/mo property income versus a $6,363/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87113, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,157 (100%) |
| Owner Occupied HU | 4,448 (62.1%) |
| Renter Occupied HU | 2,272 (31.7%) |
| Vacant Housing Units | 437 ( 6.1%) |
| Median Home Value | $368,198 |
| Average Home Value | $396,826 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
5,816
Multi-Family
1,227
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: C. Carlyn Chiado • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1096753