2808 Florida St NEAlbuquerqueNM87110
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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 2808 Florida St NE, Albuquerque, NM, 87110 offers a 8.79% rental yield on a $310,500 purchase with $2,274/mo rent. Total monthly income registers $2,274/mo, and a $1,520/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,415/yr on $102,931 to close, and return on cash invested stands at 25.17% in year one. Equity gained on principal adds $2,004/yr while 5% annual appreciation supports $85,785 over five years. Portfolio math shows five-year ROI at 130.66% and total cumulative return in cash at $134,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,274/mo property income against a $1,520/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87110, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,503 (100%) |
| Owner Occupied HU | 11,125 (54.3%) |
| Renter Occupied HU | 7,756 (37.8%) |
| Vacant Housing Units | 1,622 ( 7.9%) |
| Median Home Value | $298,625 |
| Average Home Value | $331,410 |
Housing Distribution
Address Breakdown
Residential
19,003
Single Family
16,961
Multi-Family
2,042
Businesses
2,764
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Listed by: Tracy Sanchez • EXIT REALTY VISTA
Mls Name: EXIT Realty broker feed
Mls ID: #1090338