2340 Penn Ave SEAlbuquerqueNM87106
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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 2340 Penn Ave SE, Albuquerque, NM, 87106 generates $3,744/mo in rent and, after a $2,288/mo payment, leaves $1,000/mo in cash flow. Total monthly income is $3,744/mo, and annual cash flow is $12,002/yr on $154,976 invested. Return on cash invested sits at 27.65% in year one, and rental yield is 9.61% on a $467,500 entry. Equity gained on principal adds $3,017/yr, while 5% annual appreciation builds toward $129,162 over five years. Five-year ROI reaches 143.97% and total cumulative return in cash sums $223,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,744/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87106, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,287 (100%) |
| Owner Occupied HU | 4,759 (33.3%) |
| Renter Occupied HU | 7,794 (54.6%) |
| Vacant Housing Units | 1,734 (12.1%) |
| Median Home Value | $361,724 |
| Average Home Value | $409,846 |
Housing Distribution
Address Breakdown
Residential
12,715
Single Family
11,900
Multi-Family
815
Businesses
1,039
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Listed by: Gregory J Gillogly • Gillogly Realty
Mls Name: SWMLS
Mls ID: #1096787