408 Texas St NEAlbuquerqueNM87108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 408 Texas St NE, Albuquerque, NM, 87108 priced at $245,000 converts $2,432/mo rent into $994/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,432/mo, and annual cash flow totals $11,930/yr on $81,218 invested. Return on cash invested prints 34.6% in year one, and rental yield reads 11.91% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 181.23% and total cumulative return in cash sums $147,192. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,432/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Multi Family
Built in 1962
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah M Rich • GDR Property Solutions, LLC
Mls Name: SWMLS
Mls ID: #1090624