8508 Marquette Ave NEAlbuquerqueNM87108
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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 8508 Marquette Ave NE, Albuquerque, NM, 87108 priced at $430,000 converts $1,928/mo rent into after a $2,105/mo obligation. Total monthly income equals $1,928/mo. Return on cash invested prints 14.89% in year one, and rental yield reads 5.38% against a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation compiles into $118,801 by year five. Five-year ROI reaches 75.5% and total cumulative return in cash sums $107,619. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,928/mo property income covering a $2,105/mo payment, not borrower’s personal income.
Multi Family
Built in 1979
5,662 sqft 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: Janet McDavid-Fitak • Full House Real Estate,LLC
Mls Name: SWMLS
Mls Provider:
Mls ID: #1085622
Disclaimer: Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumers personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.