636 Florida St SEAlbuquerqueNM87108
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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 636 Florida St SE, Albuquerque, NM, 87108 uses $88,477 cash to close to unlock $10,080/yr annual cash flow and $840/mo monthly cash flow. Total monthly income runs $2,412/mo, and a $1,306/mo payment keeps the spread at $840/mo. Purchase price stands at $266,900, and rental yield measures 10.84% with $2,412/mo rent. Return on cash invested shows 31.3% in year one, and 5% annual appreciation builds toward $73,740 over five years. Five-year ROI reaches 163.53% and total cumulative return in cash records $144,684. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,412/mo property income covering a $1,306/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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