512 15th St NWAlbuquerqueNM87104
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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 512 15th St NW, Albuquerque, NM, 87104 uses $124,313 cash to close to unlock $5,620/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $2,669/mo, and a $1,835/mo payment keeps the spread at $468/mo. Purchase price stands at $375,000, and rental yield measures 8.54% with $2,669/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 126.68% and total cumulative return in cash records $157,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,669/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1916
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87104, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,370 (100%) |
| Owner Occupied HU | 3,621 (56.8%) |
| Renter Occupied HU | 2,236 (35.1%) |
| Vacant Housing Units | 513 ( 8.1%) |
| Median Home Value | $420,672 |
| Average Home Value | $472,161 |
Housing Distribution
Address Breakdown
Residential
6,079
Single Family
5,907
Multi-Family
172
Businesses
585
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Listed by: Vertical Real Estate • Keller Williams Realty
Mls Name: SWMLS
Mls ID: #1089348