3012 Carolina St 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
Rental property for sale in Albuquerque at 3012 Carolina St NE, Albuquerque, NM, 87110 priced at $376,500 converts $2,543/mo rent into $329/mo cash flow after a $1,843/mo obligation. Total monthly income equals $2,543/mo, and annual cash flow totals $3,946/yr on $124,810 invested. Return on cash invested prints 23.07% in year one, and rental yield reads 8.11% against a $376,500 entry. Equity gained on principal adds $2,429/yr, while 5% annual appreciation compiles into $104,020 by year five. Five-year ROI reaches 119.38% and total cumulative return in cash sums $148,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,543/mo property income covering a $1,843/mo payment, not borrower’s personal income.
Single Family
Built in 1957
8,276 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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