347 62nd St NWAlbuquerqueNM87105
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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 347 62nd St NW, Albuquerque, NM, 87105 generates $2,248/mo in rent and, after a $1,243/mo payment, leaves $757/mo in cash flow. Total monthly income is $2,248/mo, and annual cash flow is $9,088/yr on $84,201 invested. Return on cash invested sits at 30.7% in year one, and rental yield is 10.62% on a $254,000 entry. Equity gained on principal adds $1,639/yr, while 5% annual appreciation builds toward $70,176 over five years. Five-year ROI reaches 160.34% and total cumulative return in cash sums $135,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,248/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87105, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,765 (100%) |
| Owner Occupied HU | 14,171 (68.2%) |
| Renter Occupied HU | 5,118 (24.6%) |
| Vacant Housing Units | 1,476 ( 7.1%) |
| Median Home Value | $275,668 |
| Average Home Value | $319,080 |
Housing Distribution
Address Breakdown
Residential
19,234
Single Family
19,151
Multi-Family
83
Businesses
857
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Listed by: Dan J Cash • Pinnacle Real Estate Group
Mls Name: SWMLS
Mls ID: #1095611