524 Central Ave SW UNIT 708AlbuquerqueNM87102
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 524 Central Ave SW UNIT 708, Albuquerque, NM, 87102 in Albuquerque is a conservative rental investment at $330,000. Rental yield 6.18%. A 1.15 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $91,173; $3,039/yr in principal paydown supplements. Total projected return: $109,455.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.2% |
| Monthly Cash Flow | $(237) | $450 |
City averages based on Albuquerque market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,700 |
| Total Monthly Debt Service | $1,806 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gene Gardner Della Maggiora • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1087656