231 56th St NWAlbuquerqueNM87105
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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 231 56th St NW, Albuquerque, NM, 87105 uses $74,588 cash to close to unlock $3,283/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,594/mo, and a $1,101/mo payment keeps the spread at $274/mo. Purchase price stands at $225,000, and rental yield measures 8.5% with $1,594/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 126.05% and total cumulative return in cash records $94,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,594/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1947
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87105, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,765 (100%) |
| Owner Occupied HU | 14,171 (68.2%) |
| Renter Occupied HU | 5,118 (24.6%) |
| Vacant Housing Units | 1,476 ( 7.1%) |
| Median Home Value | $275,668 |
| Average Home Value | $319,080 |
Housing Distribution
Address Breakdown
Residential
19,234
Single Family
19,151
Multi-Family
83
Businesses
857
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Listed by: Joshua E. Robinson • EXP Realty LLC
Mls Name: SWMLS
Mls ID: #1096617