6216 Redroot St NWAlbuquerqueNM87120
Nearby investment properties with comparable rents
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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
Rental property for sale in Albuquerque at 6216 Redroot St NW, Albuquerque, NM, 87120 offers $3,091/mo rent that, after a $2,638/mo payment. Total monthly income is $3,091/mo. Return on cash invested measures 18.4% in year one, and rental yield stands at 6.88% at a $539,000 entry. Equity gained on principal adds $3,478/yr while 5% annual appreciation compounds into $148,916 by year five. Five-year ROI records 94.72% and total cumulative return in cash reaches $167,964. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,091/mo property income versus a $2,638/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
6,534 sqft lot
$N/A/sqft
$30 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87120, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,486 (100%) |
| Owner Occupied HU | 20,407 (74.2%) |
| Renter Occupied HU | 6,121 (22.3%) |
| Vacant Housing Units | 958 ( 3.5%) |
| Median Home Value | $328,102 |
| Average Home Value | $357,306 |
Housing Distribution
Address Breakdown
Residential
27,101
Single Family
24,543
Multi-Family
2,558
Businesses
696
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Listed by: The LUX Real Estate Group • Keller Williams Realty
Mls Name: SWMLS
Mls Provider:
Mls ID: #1082402
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.