3217 Wellesley Ct NEAlbuquerqueNM87107
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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 3217 Wellesley Ct NE, Albuquerque, NM, 87107 generates $1,223/mo in rent, after a $2,386/mo payment. Total monthly income is $1,223/mo. Return on cash invested sits at 7.73% in year one, and rental yield is 3.01% on a $487,500 entry. Equity gained on principal adds $3,146/yr, while 5% annual appreciation builds toward $134,687 over five years. Five-year ROI reaches 37.15% and total cumulative return in cash sums $60,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,223/mo property income rather than buyer’s personal income.
Multi Family
Built in 1973
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87107, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 8,689 (59.8%) |
| Renter Occupied HU | 4,796 (33.0%) |
| Vacant Housing Units | 1,033 ( 7.1%) |
| Median Home Value | $369,393 |
| Average Home Value | $433,075 |
Housing Distribution
Address Breakdown
Residential
13,408
Single Family
12,589
Multi-Family
819
Businesses
2,177
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Listed by: Garcia Group • Keller Williams Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1079801
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.