ZIP CODE 87120 // ALBUQUERQUE, NM // DATA AS OF 2026-09-30
Albuquerque, NM (87120) Rental Property Cap Rate & Cash Flow Report
Located in Bernalillo County (Albuquerque, NM), Zip Code 87120 ranks #186 of 500 within this selected sample (63th percentile) with a Zillow ZHVI typical home-value index of $358,654 (+1.5% YoY) and a ZORI observed market rent of $1,636/mo (+5.7% 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
-$740/mo
Annual: -$8,879/yr
Modeled Cap Rate
3.59%
NOI: $12,884/yr
Cash-on-Cash Return
-10.76%
Cash Needed: $82,490
1% Rule Ratio
0.46%
Gross Yield: 5.47%
Break-Even Rent
$2,486/mo
State Tax: 0.67%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 87120 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NM Avg 0.67%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,814/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$562/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (87120)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $279,568 | $1,274/mo | 5.47% |
| 2022 | $322,601 | $1,427/mo | 5.31% |
| 2023 | $332,971 | $1,486/mo | 5.36% |
| 2024 | $345,846 | $1,516/mo | 5.26% |
| 2025 | $353,243 | $1,548/mo | 5.26% |
| 2026 | $358,654 | $1,636/mo | 5.47% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 87114 Albuquerque, NM | $374,661 | $1,710/mo | 3.60% | -$772/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 |
| 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 |
| 95687 Vacaville, CA | $575,148 | $2,652/mo | 3.60% | -$1,181/mo |