240 Wheeler Ave SEAlbuquerqueNM87102
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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 240 Wheeler Ave SE, Albuquerque, NM, 87102 with 5% annual appreciation on a $362,500 basis while $1,866/mo rent supports operations. 08% in year one. Equity gained on principal adds $2,339/yr, and five-year appreciation sums $100,152 alongside rental yield of 6.18%. Five-year ROI measures 87.38% and total cumulative return in cash totals $105,002. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,866/mo property income versus a $1,774/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87102, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,639 (100%) |
| Owner Occupied HU | 3,796 (32.6%) |
| Renter Occupied HU | 6,413 (55.1%) |
| Vacant Housing Units | 1,430 (12.3%) |
| Median Home Value | $312,293 |
| Average Home Value | $339,998 |
Housing Distribution
Address Breakdown
Residential
10,540
Single Family
7,938
Multi-Family
2,602
Businesses
1,856
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A