2924 Owen Rd SWAlbuquerqueNM87121
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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 2924 Owen Rd SW, Albuquerque, NM, 87121 generates $2,262/mo in rent and, after a $1,099/mo payment, leaves $944/mo in cash flow. Total monthly income is $2,262/mo, and annual cash flow is $11,328/yr on $74,455 invested. Return on cash invested sits at 35.12% in year one, and rental yield is 12.09% on a $224,600 entry. Equity gained on principal adds $1,449/yr, while 5% annual appreciation builds toward $62,053 over five years. Five-year ROI reaches 184.08% and total cumulative return in cash sums $137,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,262/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87121, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,762 (100%) |
| Owner Occupied HU | 19,384 (72.4%) |
| Renter Occupied HU | 6,066 (22.7%) |
| Vacant Housing Units | 1,312 ( 4.9%) |
| Median Home Value | $208,318 |
| Average Home Value | $228,533 |
Housing Distribution
Address Breakdown
Residential
25,550
Single Family
24,031
Multi-Family
1,519
Businesses
807
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Listed by: Yvette Ibarra • ERA Summit
Mls Name: SWMLS
Mls ID: #1085257