4701 Morris St NE APT 502AlbuquerqueNM87111
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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 502, Albuquerque, NM, 87111 uses $82,875 cash to close to unlock $9,375/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $2,249/mo, and a $1,224/mo payment keeps the spread at $781/mo. Purchase price stands at $250,000, and rental yield measures 10.8% with $2,249/mo rent. Return on cash invested shows 31.22% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 163.14% and total cumulative return in cash records $135,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,249/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2002
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: Lindsay F. Shettlesworth • Q Realty
Mls Name: SWMLS
Mls ID: #1092974