6524 Lamy St NWAlbuquerqueNM87120
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 6524 Lamy St NW, Albuquerque, NM, 87120 offers a 8.58% rental yield on a $299,000 purchase with $2,138/mo rent. Total monthly income registers $2,138/mo, and a $1,463/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,602/yr on $99,119 to close, and return on cash invested stands at 24.55% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 127.32% and total cumulative return in cash at $126,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,138/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
5,662 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Cruz Perez • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1096529