7124 Springfield Dr NEAlbuquerqueNM87109
INVESTMENT ANALYSIS
Investment Verdict
Solid Income7124 Springfield Dr NE, Albuquerque, NM, 87109 in Albuquerque is a solid income-producing rental, 9.49% gross yield, $791/mo rent, $204/mo net cash flow on a $100,000 buy. DSCR 1.76 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $27,628 and $921/yr in principal reduction project a total cumulative return of $50,921.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $204 | $450 |
City averages based on Albuquerque market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $791 |
| Total Monthly Debt Service | $547 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87109, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,679 (100%) |
| Owner Occupied HU | 10,271 (52.2%) |
| Renter Occupied HU | 8,202 (41.7%) |
| Vacant Housing Units | 1,206 ( 6.1%) |
| Median Home Value | $327,554 |
| Average Home Value | $335,343 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
16,388
Multi-Family
3,095
Businesses
2,231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87109, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,679 (100%) |
| Owner Occupied HU | 10,271 (52.2%) |
| Renter Occupied HU | 8,202 (41.7%) |
| Vacant Housing Units | 1,206 ( 6.1%) |
| Median Home Value | $327,554 |
| Average Home Value | $335,343 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
16,388
Multi-Family
3,095
Businesses
2,231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Norma F Aragon • HomeSmart Realty Pros
Mls Name: SWMLS
Mls ID: #1097654