6016 Canis Ave NWAlbuquerqueNM87114
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
Investment Highlights
Investment property for sale in Albuquerque at 6016 Canis Ave NW, Albuquerque, NM, 87114 uses $94,478 cash to close to unlock $4,609/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $1,395/mo payment keeps the spread at $384/mo. Purchase price stands at $285,000, and rental yield measures 8.66% with $2,057/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 128.63% and total cumulative return in cash records $121,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2002
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87114, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,491 (100%) |
| Owner Occupied HU | 18,953 (66.5%) |
| Renter Occupied HU | 8,350 (29.3%) |
| Vacant Housing Units | 1,188 ( 4.2%) |
| Median Home Value | $338,633 |
| Average Home Value | $367,999 |
Housing Distribution
Address Breakdown
Residential
27,694
Single Family
23,313
Multi-Family
4,381
Businesses
1,030
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: NM Homegirls Team • NMHG
Mls Name: SWMLS
Mls ID: #1093080