3624 Cherokee Rd NEAlbuquerqueNM87110
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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 3624 Cherokee Rd NE, Albuquerque, NM, 87110 offers a 10.57% rental yield on a $340,600 purchase with $3,001/mo rent. Total monthly income registers $3,001/mo, and a $1,667/mo payment leaves $934/mo available for distribution. Annual cash flow reaches $11,205/yr on $112,909 to close, and return on cash invested stands at 29.83% in year one. Equity gained on principal adds $2,198/yr while 5% annual appreciation supports $94,102 over five years. Portfolio math shows five-year ROI at 155.9% and total cumulative return in cash at $176,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,001/mo property income against a $1,667/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
7,187 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
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