70024 Leroy LnAlbuquerqueNM87121
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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 70024 Leroy Ln, Albuquerque, NM, 87121 offers a 9.04% rental yield on a $150,000 purchase with $1,130/mo rent. Total monthly income registers $1,130/mo, and a $734/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $2,997/yr on $49,725 to close, and return on cash invested stands at 25.94% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 134.77% and total cumulative return in cash at $67,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,130/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1967
4.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87121, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,762 (100%) |
| Owner Occupied HU | 19,384 (72.4%) |
| Renter Occupied HU | 6,066 (22.7%) |
| Vacant Housing Units | 1,312 ( 4.9%) |
| Median Home Value | $208,318 |
| Average Home Value | $228,533 |
Housing Distribution
Address Breakdown
Residential
25,550
Single Family
24,031
Multi-Family
1,519
Businesses
807
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Listed by: Gabriela Veloz • Sol A Sol Real Estate LLC
Mls Name: SWMLS
Mls ID: #1086098