3301 Monroe St NE UNIT Q176AlbuquerqueNM87110
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3301 Monroe St NE UNIT Q176, Albuquerque, NM, 87110 in Albuquerque is a solid income-producing rental, 10.43% gross yield, $1,847/mo rent, $315/mo net cash flow on a $212,500 buy. DSCR 1.93 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $58,710 and $1,957/yr in principal reduction project a total cumulative return of $118,859.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $315 | $450 |
City averages based on Albuquerque market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,847 |
| Total Monthly Debt Service | $1,163 |
| DSCR Ratio | 1.59x |
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
N/A 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
N/A 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: Tracy L Willis • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1096803