308 Gore Ave SEAlbuquerqueNM87105
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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 308 Gore Ave SE, Albuquerque, NM, 87105 listed at $309,900 pairs $2,905/mo rent with a $1,517/mo payment to leave $1,086/mo cash flow. Total monthly income runs $2,905/mo, and annual cash flow reaches $13,030/yr on $102,732 cash to close. Return on cash invested measures 32.59% in year one, and rental yield registers 11.25% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 170.45% and total cumulative return in cash totals $175,104. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,905/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1995
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87105, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,765 (100%) |
| Owner Occupied HU | 14,171 (68.2%) |
| Renter Occupied HU | 5,118 (24.6%) |
| Vacant Housing Units | 1,476 ( 7.1%) |
| Median Home Value | $275,668 |
| Average Home Value | $319,080 |
Housing Distribution
Address Breakdown
Residential
19,234
Single Family
19,151
Multi-Family
83
Businesses
857
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Listed by: Nancy A Montoya • Century 21 Champions
Mls Name: SWMLS
Mls ID: #1092396