629 Elk Dr SEAlbuquerqueNM87123
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
Rental property for sale in Albuquerque at 629 Elk Dr SE, Albuquerque, NM, 87123 generates $1,178/mo in rent and, after a $680/mo payment, leaves $363/mo in cash flow. Total monthly income is $1,178/mo, and annual cash flow is $4,351/yr on $46,045 invested. Return on cash invested sits at 29.36% in year one, and rental yield is 10.18% on a $138,900 entry. Equity gained on principal adds $896/yr, while 5% annual appreciation builds toward $38,376 over five years. Five-year ROI reaches 153.14% and total cumulative return in cash sums $70,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,178/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87123, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,333 (100%) |
| Owner Occupied HU | 12,086 (59.4%) |
| Renter Occupied HU | 6,976 (34.3%) |
| Vacant Housing Units | 1,271 ( 6.3%) |
| Median Home Value | $298,147 |
| Average Home Value | $308,019 |
Housing Distribution
Address Breakdown
Residential
19,175
Single Family
16,887
Multi-Family
2,288
Businesses
801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A