4701 Morris St NE APT 3002AlbuquerqueNM87111
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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 4701 Morris St NE APT 3002, Albuquerque, NM, 87111 listed at $250,000 pairs $1,639/mo rent with a $1,224/mo payment to leave $171/mo cash flow. Total monthly income runs $1,639/mo, and annual cash flow reaches $2,055/yr on $82,875 cash to close. Return on cash invested measures 22.39% in year one, and rental yield registers 7.87% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 115.76% and total cumulative return in cash totals $95,938. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,639/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87111, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,513 (100%) |
| Owner Occupied HU | 16,132 (58.6%) |
| Renter Occupied HU | 9,845 (35.8%) |
| Vacant Housing Units | 1,536 ( 5.6%) |
| Median Home Value | $375,734 |
| Average Home Value | $435,651 |
Housing Distribution
Address Breakdown
Residential
26,915
Single Family
20,268
Multi-Family
6,647
Businesses
895
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Listed by: Adrianne Kunkle • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1093066