3601 Sierra Rica Dr NWAlbuquerqueNM87120
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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 3601 Sierra Rica Dr NW, Albuquerque, NM, 87120 uses $111,053 cash to close to unlock $2,657/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,640/mo payment keeps the spread at $221/mo. Purchase price stands at $335,000, and rental yield measures 7.84% with $2,188/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 115.28% and total cumulative return in cash records $128,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1994
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87120, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,486 (100%) |
| Owner Occupied HU | 20,407 (74.2%) |
| Renter Occupied HU | 6,121 (22.3%) |
| Vacant Housing Units | 958 ( 3.5%) |
| Median Home Value | $328,102 |
| Average Home Value | $357,306 |
Housing Distribution
Address Breakdown
Residential
27,101
Single Family
24,543
Multi-Family
2,558
Businesses
696
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Listed by: Steven Michael Gritchen • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1095058