7408 Cerros Pl NWAlbuquerqueNM87114
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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
Investment property for sale in Albuquerque at 7408 Cerros Pl NW, Albuquerque, NM, 87114 earns $227/mo cash flow from $2,178/mo rent with a $1,627/mo payment. Total monthly income totals $2,178/mo, and annual cash flow totals $2,722/yr on $110,224 capital. ROI tracks 22.38% on current figures, and rental yield reads 7.86% at a $332,500 purchase. Equity gained on principal adds $2,146/yr, and 5% annual appreciation supports $91,864 over five years. Five-year ROI reaches 115.66% and total cumulative return in cash sums $127,480. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,178/mo property income instead of your personal income.
Single Family
Built in 1997
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87114, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,491 (100%) |
| Owner Occupied HU | 18,953 (66.5%) |
| Renter Occupied HU | 8,350 (29.3%) |
| Vacant Housing Units | 1,188 ( 4.2%) |
| Median Home Value | $338,633 |
| Average Home Value | $367,999 |
Housing Distribution
Address Breakdown
Residential
27,694
Single Family
23,313
Multi-Family
4,381
Businesses
1,030
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Listed by: Teri J Vasquez-Hatcher • The Hive RE Collective
Mls Name: SWMLS
Mls ID: #1096522