232 Erbbe St NEAlbuquerqueNM87123
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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
Rental property for sale in Albuquerque at 232 Erbbe St NE, Albuquerque, NM, 87123 priced at $225,000 pairs $1,882/mo rent with $533/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,882/mo, and annual cash flow comes to $6,397/yr on $74,588 invested. Return on cash invested is 28.49% in year one, and rental yield stands at 10.04% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 148.65% and total cumulative return in cash reaches $110,877. For financing, Ziffy Mortgage’s DSCR program evaluates $1,882/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87123, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,333 (100%) |
| Owner Occupied HU | 12,086 (59.4%) |
| Renter Occupied HU | 6,976 (34.3%) |
| Vacant Housing Units | 1,271 ( 6.3%) |
| Median Home Value | $298,147 |
| Average Home Value | $308,019 |
Housing Distribution
Address Breakdown
Residential
19,175
Single Family
16,887
Multi-Family
2,288
Businesses
801
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Listed by: Jody Anne MacGillivray • Desert Oasis Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1089519
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.