312 60th St NWAlbuquerqueNM87105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 312 60th St NW, Albuquerque, NM, 87105 generates $1,668/mo in rent and, after a $1,223/mo payment, leaves $201/mo in cash flow. Total monthly income is $1,668/mo, and annual cash flow is $2,416/yr on $82,842 invested. Return on cash invested sits at 22.83% in year one, and rental yield is 8.01% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 118.09% and total cumulative return in cash sums $97,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,668/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Schuster Team • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1096733