3831 Montgomery Blvd NE APT 424AlbuquerqueNM87109
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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 3831 Montgomery Blvd NE APT 424, Albuquerque, NM, 87109 generates $777/mo in rent, after a $489/mo payment. Total monthly income is $777/mo. Return on cash invested sits at 11% in year one, and rental yield is 9.32% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 60.36% and total cumulative return in cash sums $20,008. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $777/mo property income rather than buyer’s personal income.
Condo
Built in 1972
6,534 sqft lot
$N/A/sqft
$420 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87109, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,679 (100%) |
| Owner Occupied HU | 10,271 (52.2%) |
| Renter Occupied HU | 8,202 (41.7%) |
| Vacant Housing Units | 1,206 ( 6.1%) |
| Median Home Value | $327,554 |
| Average Home Value | $335,343 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
16,388
Multi-Family
3,095
Businesses
2,231
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Listed by: Wendy Wallace • Realty One of New Mexico, LLC
Mls Name: SWMLS
Mls Provider:
Mls ID: #1090969
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.