702 Broadway Blvd SE APT 3AlbuquerqueNM87102
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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 702 Broadway Blvd SE APT 3, Albuquerque, NM, 87102 priced at $182,500 converts $1,351/mo rent into $84/mo cash flow after a $893/mo obligation. Total monthly income equals $1,351/mo, and annual cash flow totals $1,014/yr on $60,499 invested. Return on cash invested prints 21.58% in year one, and rental yield reads 8.88% against a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation compiles into $50,421 by year five. Five-year ROI reaches 112.84% and total cumulative return in cash sums $68,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,351/mo property income covering a $893/mo payment, not borrower’s personal income.
Condo
Built in 2008
435.60 sqft lot
$N/A/sqft
$108 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87102, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,639 (100%) |
| Owner Occupied HU | 3,796 (32.6%) |
| Renter Occupied HU | 6,413 (55.1%) |
| Vacant Housing Units | 1,430 (12.3%) |
| Median Home Value | $312,293 |
| Average Home Value | $339,998 |
Housing Distribution
Address Breakdown
Residential
10,540
Single Family
7,938
Multi-Family
2,602
Businesses
1,856
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Listed by: Joel J Sanchez • Helix Real Estate Group
Mls Name: SWMLS
Mls Provider:
Mls ID: #1083169
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.