2908 Alamogordo Dr NWAlbuquerqueNM87120
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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 2908 Alamogordo Dr NW, Albuquerque, NM, 87120 earns $653/mo cash flow from $2,502/mo rent with a $1,542/mo payment. Total monthly income totals $2,502/mo, and annual cash flow totals $7,834/yr on $104,423 capital. ROI tracks 27.41% on current figures, and rental yield reads 9.53% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 142.65% and total cumulative return in cash sums $148,961. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,502/mo property income instead of your personal income.
Single Family
Built in 1979
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87120, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,486 (100%) |
| Owner Occupied HU | 20,407 (74.2%) |
| Renter Occupied HU | 6,121 (22.3%) |
| Vacant Housing Units | 958 ( 3.5%) |
| Median Home Value | $328,102 |
| Average Home Value | $357,306 |
Housing Distribution
Address Breakdown
Residential
27,101
Single Family
24,543
Multi-Family
2,558
Businesses
696
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Listed by: Steve N. Palmer • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1089975