301 Grove St NEAlbuquerqueNM87108
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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 301 Grove St NE, Albuquerque, NM, 87108 at $370,000 posts ROI 15.63% with from $1,734/mo rent. Total monthly income equals $1,734/mo. Return on cash invested measures 15.63% and rental yield reads 5.62% at the current $370,000. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 by year five. Five-year ROI prints 79.5% and total cumulative return in cash totals $97,505. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,734/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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Listed by: Elevated Edge Real Estate Group • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1095761