701 Palomas Dr SEAlbuquerqueNM87108
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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 701 Palomas Dr SE, Albuquerque, NM, 87108 with 5% annual appreciation on a $269,000 basis while $2,203/mo rent supports operations. Total monthly income totals $2,203/mo and a $1,317/mo payment preserves $624/mo for cash returns. Annual cash flow comes to $7,485/yr on $89,174 deployed, and return on cash invested reaches 28.3% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 9.83%. Five-year ROI measures 147.45% and total cumulative return in cash totals $131,483.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,203/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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Listed by: Cramer & CO LLC • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1088884