4701 Morris St NE APT 603AlbuquerqueNM87111
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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 603, Albuquerque, NM, 87111 uses $84,533 cash to close to unlock $10,924/yr annual cash flow and $910/mo monthly cash flow. Total monthly income runs $2,407/mo, and a $1,248/mo payment keeps the spread at $910/mo. Purchase price stands at $255,000, and rental yield measures 11.33% with $2,407/mo rent. Return on cash invested shows 32.83% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 171.75% and total cumulative return in cash records $145,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,407/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 2002
871.20 sqft 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: Robert Sutton • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1095203