438 Morningside Dr 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
Rental property for sale in Albuquerque at 438 Morningside Dr NE, Albuquerque, NM, 87108 offers $2,410/mo rent that, after a $2,340/mo payment. Total monthly income is $2,410/mo. Return on cash invested measures 16.91% in year one, and rental yield stands at 6.05% at a $478,000 entry. Equity gained on principal adds $3,084/yr while 5% annual appreciation compounds into $132,063 by year five. Five-year ROI records 86.33% and total cumulative return in cash reaches $136,801. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,410/mo property income versus a $2,340/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,405 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: Lisa Parker • RE/MAX SELECT
Mls Name: SWMLS
Mls Provider:
Mls ID: #1084994
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.