601 Menaul Blvd NW #4002AlbuquerqueNM87107
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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
Total monthly income runs $1,549/mo, and a $1,463/mo payment. Purchase price stands at $299,000, and rental yield measures 6.22% with $1,549/mo rent. Return on cash invested shows 17.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 89.09% and total cumulative return in cash records $88,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,549/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2007
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87107, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 8,689 (59.8%) |
| Renter Occupied HU | 4,796 (33.0%) |
| Vacant Housing Units | 1,033 ( 7.1%) |
| Median Home Value | $369,393 |
| Average Home Value | $433,075 |
Housing Distribution
Address Breakdown
Residential
13,408
Single Family
12,589
Multi-Family
819
Businesses
2,177
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Listed by: Kristine L Cannaday • Ida Kelly Realtors
Mls Name: SWMLS
Mls ID: #1093078