8 Camino El Alto NEAlbuquerqueNM87123
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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 8 Camino El Alto NE, Albuquerque, NM, 87123 uses $99,119 cash to close to unlock $6,870/yr annual cash flow and $572/mo monthly cash flow. Total monthly income runs $2,327/mo, and a $1,463/mo payment keeps the spread at $572/mo. Purchase price stands at $299,000, and rental yield measures 9.34% with $2,327/mo rent. Return on cash invested shows 26.84% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 139.6% and total cumulative return in cash records $138,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,327/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1916
0.88 Acres 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: Michelle Lynn Romero • Coldwell Banker Legacy
Mls Name: SWMLS
Mls ID: #1095327