929 Palomas 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
Investment property for sale in Albuquerque at 929 Palomas Dr SE, Albuquerque, NM, 87108 offers a 11.63% rental yield on a $229,000 purchase with $2,220/mo rent. Total monthly income registers $2,220/mo, and a $1,121/mo payment leaves $876/mo available for distribution. Annual cash flow reaches $10,509/yr on $75,914 to close, and return on cash invested stands at 33.75% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 176.67% and total cumulative return in cash at $134,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,534 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: Roger P Martinez • Realty One of New Mexico
Mls Name: SWMLS
Mls ID: #1095657