306 Bel Vedere Ln NEAlbuquerqueNM87102
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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 306 Bel Vedere Ln NE, Albuquerque, NM, 87102 priced at $175,000 pairs $1,511/mo rent with $483/mo cash flow after a $857/mo payment. Total monthly income equals $1,511/mo, and annual cash flow comes to $5,800/yr on $58,013 invested. Return on cash invested is 29.91% in year one, and rental yield stands at 10.36% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 156.1% and total cumulative return in cash reaches $90,559. For financing, Ziffy Mortgage’s DSCR program evaluates $1,511/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2008
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87102, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,639 (100%) |
| Owner Occupied HU | 3,796 (32.6%) |
| Renter Occupied HU | 6,413 (55.1%) |
| Vacant Housing Units | 1,430 (12.3%) |
| Median Home Value | $312,293 |
| Average Home Value | $339,998 |
Housing Distribution
Address Breakdown
Residential
10,540
Single Family
7,938
Multi-Family
2,602
Businesses
1,856
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Listed by: Valerie Almanzar • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1092498