ZIP CODE 87114 // ALBUQUERQUE, NM // DATA AS OF 2026-09-30
Albuquerque, NM (87114) Rental Property Cap Rate & Cash Flow Report
Located in Bernalillo County (Albuquerque, NM), Zip Code 87114 ranks #185 of 500 within this selected sample (63th percentile) with a Zillow ZHVI typical home-value index of $374,661 (+1.6% YoY) and a ZORI observed market rent of $1,710/mo (-1.2% YoY). Requires at least 52.6% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$772/mo
Annual: -$9,264/yr
Modeled Cap Rate
3.60%
NOI: $13,469/yr
Cash-on-Cash Return
-10.75%
Cash Needed: $86,172
1% Rule Ratio
0.46%
Gross Yield: 5.48%
Break-Even Rent
$2,597/mo
State Tax: 0.67%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 87114 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NM Avg 0.67%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,894/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$588/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (87114)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $297,249 | $1,463/mo | 5.91% |
| 2022 | $343,008 | $1,632/mo | 5.71% |
| 2023 | $353,846 | $1,673/mo | 5.67% |
| 2024 | $365,235 | $1,722/mo | 5.66% |
| 2025 | $368,787 | $1,731/mo | 5.63% |
| 2026 | $374,661 | $1,710/mo | 5.48% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 87120 Albuquerque, NM | $358,654 | $1,636/mo | 3.59% | -$740/mo |
| 87121 Albuquerque, NM | $290,912 | $1,611/mo | 4.61% | -$353/mo |
| 83709 Boise, ID | $481,813 | $2,107/mo | 3.60% | -$993/mo |
| 95687 Vacaville, CA | $575,148 | $2,652/mo | 3.60% | -$1,181/mo |
| 92376 Rialto, CA | $564,033 | $2,591/mo | 3.59% | -$1,167/mo |
| 75043 Garland, TX | $282,150 | $1,501/mo | 3.58% | -$584/mo |