524 Central Ave SW UNIT 505AlbuquerqueNM87102
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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 524 Central Ave SW UNIT 505, Albuquerque, NM, 87102 offers a 7.37% rental yield on a $220,000 purchase with $1,351/mo rent. Total monthly income registers $1,351/mo, and a $1,077/mo payment leaves $60/mo available for distribution. Annual cash flow reaches $714/yr on $72,930 to close, and return on cash invested stands at 20.89% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 107.69% and total cumulative return in cash at $78,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,351/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2015
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87102, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,639 (100%) |
| Owner Occupied HU | 3,796 (32.6%) |
| Renter Occupied HU | 6,413 (55.1%) |
| Vacant Housing Units | 1,430 (12.3%) |
| Median Home Value | $312,293 |
| Average Home Value | $339,998 |
Housing Distribution
Address Breakdown
Residential
10,540
Single Family
7,938
Multi-Family
2,602
Businesses
1,856
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Listed by: Liska Maddox • Maddox & Co/REALTORS
Mls Name: SWMLS
Mls ID: #1091533