804 Princeton Dr SEAlbuquerqueNM87106
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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 804 Princeton Dr SE, Albuquerque, NM, 87106 priced at $212,500 converts $1,554/mo rent into $307/mo cash flow after a $1,040/mo obligation. Total monthly income equals $1,554/mo, and annual cash flow totals $3,682/yr on $70,444 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 8.78% against a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation compiles into $58,710 by year five. Five-year ROI reaches 130.45% and total cumulative return in cash sums $91,892. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,554/mo property income covering a $1,040/mo payment, not borrower’s personal income.
Single Family
Built in 1947
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87106, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,287 (100%) |
| Owner Occupied HU | 4,759 (33.3%) |
| Renter Occupied HU | 7,794 (54.6%) |
| Vacant Housing Units | 1,734 (12.1%) |
| Median Home Value | $361,724 |
| Average Home Value | $409,846 |
Housing Distribution
Address Breakdown
Residential
12,715
Single Family
11,900
Multi-Family
815
Businesses
1,039
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Listed by: Juan F Duran • Berkshire Hathaway NM Prop
Mls Name: SWMLS
Mls ID: #1093479