Albuquerque, NM 87106
With a price of $289,736, and an average rent of $1,018, measures of investment performance include a GRM of 11.86, a before reserves cap rate of 6.21% , a cash on cash of 8.56%, and an after tax Internal Rate of Return (IRR) of 14.90%. If rents are raised to the market average of $1,148, measure of investment performance improve to a cap rate of 6.97% and a cash on cash of 11.57%. New windows for front house have been ordered and should be installed mid to late April.
Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 31 - 2021
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Thursday 15th of April 2021 02:56 AM