6616 Meadow Lake Pl 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
Rental property for sale in Albuquerque at 6616 Meadow Lake Pl NW, Albuquerque, NM, 87120 generates $3,370/mo in rent, after a $3,353/mo payment. Total monthly income is $3,370/mo. Return on cash invested sits at 16.59% in year one, and rental yield is 5.9% on a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 84.62% and total cumulative return in cash sums $190,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,370/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.31 Acres 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: Jeremy V Saavedra • NM Home Team Realty
Mls Name: SWMLS
Mls ID: #1093848