709 Palisades Dr NWAlbuquerqueNM87105
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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 709 Palisades Dr NW, Albuquerque, NM, 87105 priced at $314,900 converts $1,680/mo rent into after a $1,541/mo obligation. Total monthly income equals $1,680/mo. Return on cash invested prints 17.98% in year one, and rental yield reads 6.4% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 92.06% and total cumulative return in cash sums $96,106. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87105, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,765 (100%) |
| Owner Occupied HU | 14,171 (68.2%) |
| Renter Occupied HU | 5,118 (24.6%) |
| Vacant Housing Units | 1,476 ( 7.1%) |
| Median Home Value | $275,668 |
| Average Home Value | $319,080 |
Housing Distribution
Address Breakdown
Residential
19,234
Single Family
19,151
Multi-Family
83
Businesses
857
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Listed by: Anita M Medland • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1092722