3018 3rd St NWAlbuquerqueNM87107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3018 3rd St NW, Albuquerque, NM, 87107 generates $1,882/mo in rent and, after a $1,204/mo payment, leaves $438/mo in cash flow. Total monthly income is $1,882/mo, and annual cash flow is $5,259/yr on $81,516 invested. Return on cash invested sits at 26.36% in year one, and rental yield is 9.18% on a $245,900 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation builds toward $67,938 over five years. Five-year ROI reaches 137.08% and total cumulative return in cash sums $111,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,882/mo property income rather than buyer’s personal income.
Single Family
Built in 1936
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87107, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 8,689 (59.8%) |
| Renter Occupied HU | 4,796 (33.0%) |
| Vacant Housing Units | 1,033 ( 7.1%) |
| Median Home Value | $369,393 |
| Average Home Value | $433,075 |
Housing Distribution
Address Breakdown
Residential
13,408
Single Family
12,589
Multi-Family
819
Businesses
2,177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas J Mestas • The M Real Estate Group
Mls Name: SWMLS
Mls ID: #1094991