2932 Floral Rd NWAlbuquerqueNM87104
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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 2932 Floral Rd NW, Albuquerque, NM, 87104 offers a 7.5% rental yield on a $458,000 purchase with $2,862/mo rent. Total monthly income registers $2,862/mo, and a $2,242/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,081/yr on $151,827 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $2,955/yr while 5% annual appreciation supports $126,537 over five years. Portfolio math shows five-year ROI at 109.78% and total cumulative return in cash at $166,677. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,862/mo property income against a $2,242/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87104, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,621 (56.8%) |
| Renter Occupied HU | 2,236 (35.1%) |
| Vacant Housing Units | 513 ( 8.1%) |
| Median Home Value | $420,672 |
| Average Home Value | $472,161 |
Housing Distribution
Address Breakdown
Residential
6,079
Single Family
5,907
Multi-Family
172
Businesses
585
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Listed by: Sarah M Rich • GDR Property Solutions, LLC
Mls Name: SWMLS
Mls ID: #1096135