311 Princeton Dr SEAlbuquerqueNM87106
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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 311 Princeton Dr SE, Albuquerque, NM, 87106 uses $139,197 cash to close to unlock $14,719/yr annual cash flow and $1,227/mo monthly cash flow. Total monthly income runs $3,691/mo, and a $2,055/mo payment keeps the spread at $1,227/mo. Purchase price stands at $419,900, and rental yield measures 10.55% with $3,691/mo rent. Return on cash invested shows 30.48% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 159.13% and total cumulative return in cash records $221,508. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,691/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87106, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,287 (100%) |
| Owner Occupied HU | 4,759 (33.3%) |
| Renter Occupied HU | 7,794 (54.6%) |
| Vacant Housing Units | 1,734 (12.1%) |
| Median Home Value | $361,724 |
| Average Home Value | $409,846 |
Housing Distribution
Address Breakdown
Residential
12,715
Single Family
11,900
Multi-Family
815
Businesses
1,039
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Listed by: Arun Mehra • Red Rock Realty & Invest of NM
Mls Name: SWMLS
Mls ID: #1086994