713 Lewis Ave SWAlbuquerqueNM87102
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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 713 Lewis Ave SW, Albuquerque, NM, 87102 priced at $293,400 pairs $1,988/mo rent with $266/mo cash flow after a $1,436/mo payment. Total monthly income equals $1,988/mo, and annual cash flow comes to $3,191/yr on $97,262 invested. Return on cash invested is 23.19% in year one, and rental yield stands at 8.13% on a $293,400 basis. Equity gained on principal adds $1,893/yr, and 5% annual appreciation accumulates to $81,061 by year five. Five-year ROI measures 120.01% and total cumulative return in cash reaches $116,728. For financing, Ziffy Mortgage’s DSCR program evaluates $1,988/mo property income against a $1,436/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3,920 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: Joseph M Gorman • Realty One of New Mexico
Mls Name: SWMLS
Mls Provider:
Mls ID: #1085088
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.