3404 Cherokee Rd 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
Investment property for sale in Albuquerque at 3404 Cherokee Rd NE, Albuquerque, NM, 87107 offers a 0.75% rental yield on a $1,800,000 purchase with $1,118/mo rent. 93% in year one. Equity gained on principal adds $11,615/yr while 5% annual appreciation supports $497,307 over five years. Portfolio math shows five-year ROI at 0.55% and total cumulative return in cash at $3,179. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,118/mo property income against a $8,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1978
0.47 Acres 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: Trey W. Whaley • Trinity Apartment Company LLC
Mls Name: SWMLS
Mls ID: #1092515