615 Parnelli Dr SWAlbuquerqueNM87121
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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 615 Parnelli Dr SW, Albuquerque, NM, 87121 at $268,000 posts ROI 28.21% with $615/mo cash flow from $2,188/mo rent. Total monthly income equals $2,188/mo, and annual cash flow records $7,376/yr on $88,842 to close. Return on cash invested measures 28.21% and rental yield reads 9.8% at the current $268,000. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 by year five. Five-year ROI prints 146.97% and total cumulative return in cash totals $130,569.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,188/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87121, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,762 (100%) |
| Owner Occupied HU | 19,384 (72.4%) |
| Renter Occupied HU | 6,066 (22.7%) |
| Vacant Housing Units | 1,312 ( 4.9%) |
| Median Home Value | $208,318 |
| Average Home Value | $228,533 |
Housing Distribution
Address Breakdown
Residential
25,550
Single Family
24,031
Multi-Family
1,519
Businesses
807
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Listed by: Yusalet Rodriguez • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1097417