424 Cordova Ave NWAlbuquerqueNM87107
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 424 Cordova Ave NW, Albuquerque, NM, 87107 in Albuquerque fits: $234,350, 5.77% gross yield, and a projected 5% annual appreciation rate adding $64,747 in value within five years. Rental yield 5.77%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.38) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,158/yr in principal paydown and $64,747 in appreciation project a total return of $88,438.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 6.2% |
| Monthly Cash Flow | $(335) | $450 |
City averages based on Albuquerque market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,454 |
| Total Monthly Debt Service | $1,368 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1931
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87107, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 8,689 (59.8%) |
| Renter Occupied HU | 4,796 (33.0%) |
| Vacant Housing Units | 1,033 ( 7.1%) |
| Median Home Value | $369,393 |
| Average Home Value | $433,075 |
Housing Distribution
Address Breakdown
Residential
13,408
Single Family
12,589
Multi-Family
819
Businesses
2,177
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
Multi Family
Built in 1931
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87107, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 8,689 (59.8%) |
| Renter Occupied HU | 4,796 (33.0%) |
| Vacant Housing Units | 1,033 ( 7.1%) |
| Median Home Value | $369,393 |
| Average Home Value | $433,075 |
Housing Distribution
Address Breakdown
Residential
13,408
Single Family
12,589
Multi-Family
819
Businesses
2,177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd D Clarke • NM Apartment Advisors, Inc.
Mls Name: SWMLS
Mls Provider:
Mls ID: #1082096
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.