316 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 316 Princeton Dr SE, Albuquerque, NM, 87106 at $1,150,000 posts ROI 3.57% with from $1,534/mo rent. Total monthly income equals $1,534/mo. Return on cash invested measures 3.57% and rental yield reads 1.6% at the current $1,150,000. Equity gained on principal adds $7,421/yr, and 5% annual appreciation supports $317,724 by year five. Five-year ROI prints 14.7% and total cumulative return in cash totals $54,765. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,534/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1977
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: Santiago Aceves • Elevate New Mexico Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1084611
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.