805 Ridgecrest Dr SEAlbuquerqueNM87108
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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
Total monthly income runs $3,236/mo, and a $2,981/mo payment. Purchase price stands at $609,000, and rental yield measures 6.38% with $3,236/mo rent. Return on cash invested shows 18.03% in year one, and 5% annual appreciation builds toward $168,255 over five years. Five-year ROI reaches 92.33% and total cumulative return in cash records $184,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,236/mo property income covering a $2,981/mo payment rather than investor’s personal income.
Single Family
Built in 1936
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87108, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,705 (100%) |
| Owner Occupied HU | 6,043 (30.7%) |
| Renter Occupied HU | 11,515 (58.4%) |
| Vacant Housing Units | 2,147 (10.9%) |
| Median Home Value | $284,443 |
| Average Home Value | $312,083 |
Housing Distribution
Address Breakdown
Residential
18,041
Single Family
15,492
Multi-Family
2,549
Businesses
1,322
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Listed by: Theodore Zmroczek • Re/Max Alliance, REALTORS
Mls Name: SWMLS
Mls ID: #1085627