3301 Monroe St NE UNIT L121AlbuquerqueNM87110
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3301 Monroe St NE UNIT L121, Albuquerque, NM, 87110 in Albuquerque speaks for itself: 11.82% gross on a $200,000 price, generating $1,970/mo in rent and $572/mo in net income after the $899/mo debt service. DSCR 2.19, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,858 stacks alongside $55,256 in projected five-year appreciation and $1,842/yr in principal reduction. Projected total cumulative return: $126,803.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $572 | $450 |
City averages based on Albuquerque market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,970 |
| Total Monthly Debt Service | $1,094 |
| DSCR Ratio | 1.80x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria C Martinez • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1096013