424 Grove St NEAlbuquerqueNM87108
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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 424 Grove St NE, Albuquerque, NM, 87108 at $260,000 posts ROI 32.96% with $938/mo cash flow from $2,464/mo rent. Total monthly income equals $2,464/mo, and annual cash flow records $11,250/yr on $86,190 to close. Return on cash invested measures 32.96% and rental yield reads 11.37% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 172.43% and total cumulative return in cash totals $148,613.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,464/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
6,534 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: Belle Starr • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1095034