4300 Ridgemont Ave NWAlbuquerqueNM87114
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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 4300 Ridgemont Ave NW, Albuquerque, NM, 87114 uses $145,197 cash to close to unlock $731/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $2,632/mo, and a $2,144/mo payment keeps the spread at $61/mo. Purchase price stands at $438,000, and rental yield measures 7.21% with $2,632/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $121,011 over five years. Five-year ROI reaches 105.11% and total cumulative return in cash records $152,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,632/mo property income covering a $2,144/mo payment rather than investor’s personal income.
Single Family
Built in 1996
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87114, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,491 (100%) |
| Owner Occupied HU | 18,953 (66.5%) |
| Renter Occupied HU | 8,350 (29.3%) |
| Vacant Housing Units | 1,188 ( 4.2%) |
| Median Home Value | $338,633 |
| Average Home Value | $367,999 |
Housing Distribution
Address Breakdown
Residential
27,694
Single Family
23,313
Multi-Family
4,381
Businesses
1,030
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Listed by: Caitlyn S. Tanner • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1093859