880 Tramway Lane Ct NEAlbuquerqueNM87122
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid, durable, and financeable, 880 Tramway Lane Ct NE, Albuquerque, NM, 87122 in Albuquerque earns a 7.98% gross yield at $379,000. Rent of $2,036/mo nets $282/mo after the $1,704/mo mortgage. The 1.19 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $104,711 and $3,491/yr in equity accumulation project a total cumulative return of $130,178.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $282 | $450 |
City averages based on Albuquerque market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,036 |
| Total Monthly Debt Service | $2,089 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1978
3,484 sqft lot
$N/A/sqft
$15 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87122, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,002 (100%) |
| Owner Occupied HU | 6,624 (82.8%) |
| Renter Occupied HU | 986 (12.3%) |
| Vacant Housing Units | 392 ( 4.9%) |
| Median Home Value | $601,657 |
| Average Home Value | $645,258 |
Housing Distribution
Address Breakdown
Residential
7,271
Single Family
7,112
Multi-Family
159
Businesses
166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1978
3,484 sqft lot
$N/A/sqft
$15 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87122, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,002 (100%) |
| Owner Occupied HU | 6,624 (82.8%) |
| Renter Occupied HU | 986 (12.3%) |
| Vacant Housing Units | 392 ( 4.9%) |
| Median Home Value | $601,657 |
| Average Home Value | $645,258 |
Housing Distribution
Address Breakdown
Residential
7,271
Single Family
7,112
Multi-Family
159
Businesses
166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vicki J Criel • Criel and Associates, LLC
Mls Name: SWMLS
Mls Provider:
Mls ID: #1084209
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.