7024 Lorete Rd NWAlbuquerqueNM87114
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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 7024 Lorete Rd NW, Albuquerque, NM, 87114 earns $569/mo cash flow from $2,682/mo rent with a $1,762/mo payment. Total monthly income totals $2,682/mo, and annual cash flow totals $6,828/yr on $119,340 capital. ROI tracks 25.63% on current figures, and rental yield reads 8.94% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 133.1% and total cumulative return in cash sums $158,841. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,682/mo property income instead of your personal income.
Single Family
Built in 1997
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87114, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,491 (100%) |
| Owner Occupied HU | 18,953 (66.5%) |
| Renter Occupied HU | 8,350 (29.3%) |
| Vacant Housing Units | 1,188 ( 4.2%) |
| Median Home Value | $338,633 |
| Average Home Value | $367,999 |
Housing Distribution
Address Breakdown
Residential
27,694
Single Family
23,313
Multi-Family
4,381
Businesses
1,030
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Listed by: David M Stafford • 360 Ventures Real Estate
Mls Name: SWMLS
Mls ID: #1092442