310 Grove St NEAlbuquerqueNM87108
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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 310 Grove St NE, Albuquerque, NM, 87108 offers $1,469/mo rent that, after a $1,022/mo payment, leaves $243/mo cash flow. Total monthly income is $1,469/mo, and annual cash flow is $2,920/yr on $69,250 cash. Return on cash invested measures 24.13% in year one, and rental yield stands at 8.44% at a $208,900 entry. Equity gained on principal adds $1,348/yr while 5% annual appreciation compounds into $57,715 by year five. Five-year ROI records 125.09% and total cumulative return in cash reaches $86,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,469/mo property income versus a $1,022/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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Listed by: Dan Rowe • Berkshire Hathaway NM Prop
Mls Name: SWMLS
Mls ID: #1088114