6912 Schist Ave NEAlbuquerqueNM87113
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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 6912 Schist Ave NE, Albuquerque, NM, 87113 offers a 7.75% rental yield on a $450,000 purchase with $2,908/mo rent. Total monthly income registers $2,908/mo, and a $2,203/mo payment leaves $266/mo available for distribution. Annual cash flow reaches $3,195/yr on $149,175 to close, and return on cash invested stands at 22.05% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 113.93% and total cumulative return in cash at $169,950. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,908/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87113, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,157 (100%) |
| Owner Occupied HU | 4,448 (62.1%) |
| Renter Occupied HU | 2,272 (31.7%) |
| Vacant Housing Units | 437 ( 6.1%) |
| Median Home Value | $368,198 |
| Average Home Value | $396,826 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
5,816
Multi-Family
1,227
Businesses
1,013
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Listed by: Shelby N. Vering • RE/MAX ELEVATE
Mls Name: SWMLS
Mls ID: #1086957