8320 Cherry Hills Dr NEAlbuquerqueNM87111
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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 8320 Cherry Hills Dr NE, Albuquerque, NM, 87111 generates $3,930/mo in rent and, after a $2,927/mo payment, leaves $420/mo in cash flow. Total monthly income is $3,930/mo, and annual cash flow is $5,039/yr on $196,742 invested. Return on cash invested sits at 22.62% in year one, and rental yield is 7.89% on a $598,000 entry. Equity gained on principal adds $3,859/yr, while 5% annual appreciation builds toward $165,216 over five years. Five-year ROI reaches 116.93% and total cumulative return in cash sums $230,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,930/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87111, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,513 (100%) |
| Owner Occupied HU | 16,132 (58.6%) |
| Renter Occupied HU | 9,845 (35.8%) |
| Vacant Housing Units | 1,536 ( 5.6%) |
| Median Home Value | $375,734 |
| Average Home Value | $435,651 |
Housing Distribution
Address Breakdown
Residential
26,915
Single Family
20,268
Multi-Family
6,647
Businesses
895
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Listed by: Peter A Cochran • Weichert, Realtors Image
Mls Name: SWMLS
Mls ID: #1085228