708 Raton Ave SEAlbuquerqueNM87123
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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 708 Raton Ave SE, Albuquerque, NM, 87123 offers $3,289/mo rent that, after a $2,344/mo payment, leaves $478/mo cash flow. Total monthly income is $3,289/mo, and annual cash flow is $5,736/yr on $158,789 cash. Return on cash invested measures 23.52% in year one, and rental yield stands at 8.24% at a $479,000 entry. Equity gained on principal adds $3,091/yr while 5% annual appreciation compounds into $132,339 by year five. Five-year ROI records 121.78% and total cumulative return in cash reaches $193,371. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,289/mo property income versus a $2,344/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87123, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,333 (100%) |
| Owner Occupied HU | 12,086 (59.4%) |
| Renter Occupied HU | 6,976 (34.3%) |
| Vacant Housing Units | 1,271 ( 6.3%) |
| Median Home Value | $298,147 |
| Average Home Value | $308,019 |
Housing Distribution
Address Breakdown
Residential
19,175
Single Family
16,887
Multi-Family
2,288
Businesses
801
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Listed by: Jan L. DeMay • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1094337