3917 Simms Ave SEAlbuquerqueNM87108
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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 3917 Simms Ave SE, Albuquerque, NM, 87108 priced at $268,000 converts $2,410/mo rent into $796/mo cash flow after a $1,312/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $9,555/yr on $88,842 invested. Return on cash invested prints 30.66% in year one, and rental yield reads 10.79% against a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation compiles into $74,043 by year five. Five-year ROI reaches 160.34% and total cumulative return in cash sums $142,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,312/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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Listed by: Bettie J Nelson • Coldwell Banker Legacy
Mls Name: SWMLS
Mls Provider:
Mls ID: #1083893
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.