308 La Vega Dr SWAlbuquerqueNM87105
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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 La Vega Dr SW, Albuquerque, NM, 87105 offers a 9.94% rental yield on a $220,000 purchase with $1,823/mo rent. Total monthly income registers $1,823/mo, and a $1,077/mo payment leaves $532/mo available for distribution. Annual cash flow reaches $6,378/yr on $72,930 to close, and return on cash invested stands at 28.65% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 149.35% and total cumulative return in cash at $108,923. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,823/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.25 Acres 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: Orlando R. Gonzales • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1090552