3301 Monroe St NE UNIT L121AlbuquerqueNM87110
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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 3301 Monroe St NE UNIT L121, Albuquerque, NM, 87110 listed at $200,000 pairs $1,970/mo rent with a $979/mo payment to leave $796/mo cash flow. Total monthly income runs $1,970/mo, and annual cash flow reaches $9,552/yr on $66,300 cash to close. Return on cash invested measures 34.32% in year one, and rental yield registers 11.82% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 179.67% and total cumulative return in cash totals $119,120. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,970/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87110, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,503 (100%) |
| Owner Occupied HU | 11,125 (54.3%) |
| Renter Occupied HU | 7,756 (37.8%) |
| Vacant Housing Units | 1,622 ( 7.9%) |
| Median Home Value | $298,625 |
| Average Home Value | $331,410 |
Housing Distribution
Address Breakdown
Residential
19,003
Single Family
16,961
Multi-Family
2,042
Businesses
2,764
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Listed by: Maria C Martinez • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1096013