6617 San Luis Obispo Ave NEAlbuquerqueNM87109
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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 6617 San Luis Obispo Ave NE, Albuquerque, NM, 87109 offers $2,813/mo rent that, after a $1,132/mo payment, leaves $1,452/mo cash flow. Total monthly income is $2,813/mo, and annual cash flow is $17,419/yr on $76,676 cash. Return on cash invested measures 42.63% in year one, and rental yield stands at 14.59% at a $231,300 entry. Equity gained on principal adds $1,493/yr while 5% annual appreciation compounds into $63,904 by year five. Five-year ROI records 224.28% and total cumulative return in cash reaches $171,967. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,813/mo property income versus a $1,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87109, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,679 (100%) |
| Owner Occupied HU | 10,271 (52.2%) |
| Renter Occupied HU | 8,202 (41.7%) |
| Vacant Housing Units | 1,206 ( 6.1%) |
| Median Home Value | $327,554 |
| Average Home Value | $335,343 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
16,388
Multi-Family
3,095
Businesses
2,231
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Listed by: N/A • N/A
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