2924 Palomas Dr 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 2924 Palomas Dr NE, Albuquerque, NM, 87110 uses $88,842 cash to close to unlock $4,592/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,312/mo payment keeps the spread at $383/mo. Purchase price stands at $268,000, and rental yield measures 8.76% with $1,956/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 130.15% and total cumulative return in cash records $115,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,098 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: Lindsay F. Shettlesworth • Q Realty
Mls Name: SWMLS
Mls ID: #1094847