707 Slate Ave NWAlbuquerqueNM87102
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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 707 Slate Ave NW, Albuquerque, NM, 87102 priced at $451,250 pairs $2,578/mo rent with after a $2,209/mo payment. Total monthly income equals $2,578/mo. Return on cash invested is 19.34% in year one, and rental yield stands at 6.86% on a $451,250 basis. Equity gained on principal adds $2,912/yr, and 5% annual appreciation accumulates to $124,672 by year five. Five-year ROI measures 99.39% and total cumulative return in cash reaches $148,682. For financing, Ziffy Mortgage’s DSCR program evaluates $2,578/mo property income against a $2,209/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No 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: Lisa M Reneau-May • Realty One of New Mexico, LLC
Mls Name: SWMLS
Mls ID: #1095004