661 Stallion Rd SE · Rio Rancho, NM 87124

$245,000

3 bd · 2.0 ba · 1,244 sqft · SingleFamily public records · 11 Days on market

Built 1982 4,792 sqft lot $197/sqft · 9% below area Est $246k · at est.

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.2/30.0
• ARV discount +7.8/15.0
• Schools +5.2/10.0
• DSCR +4.0/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your new home! This charming 3-bedroom, 2-bathroom residence is nestled in a friendly neighborhood and offers a cozy kiva-style fireplace, perfect for those chilly evenings. With a spacious yard, there's plenty of room for outdoor activities or gardening without the restrictions of an HOA. Whether you're entertaining friends or just relaxing with your family, this home has a comfortable vibe that makes it easy to settle in. Come see it for yourself in this lovely location that balances tranquility with convenience.

Key facts

• Spacious yard
• No hoa
• Kiva-style fireplace

Tags

• KIVA-STYLE FIREPLACE
• SPACIOUS YARD
• NO HOA

Property features AI

Exterior

• Parking: Attached garage (1 parking space)
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: Single-story home; Entry level: 1; Faces east; Resale property; Attached property
• Construction: Frame and stucco construction; Shingle roof; Permanent foundation; Built by unknown builder
• Exterior features: Private yard; Storage structure; Back yard fencing and wall; Located on a city street; Planned unit development

Interior

• Kitchen: Free-standing gas range; Microwave; Refrigerator
• Bedrooms: Main-level bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central heating (forced air); Evaporative cooling
• Interior features: Great room; Main-level primary bedroom; Double-pane, insulated windows; Kiva fireplace (1)
• Laundry & utility: Washer; Dryer; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-5 ($-63/yr) — negative.
• To cash-flow at today's rent, offer at most $244k (0.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (23.0% below list).
• Recommended offer: $189k (23.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.6% in Rio Rancho — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#17 in NM) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: amenities D, commute F.
• Rio Rancho Public Schools (suburban): math 48% / reading 73% proficiency, ranked #4 of 29 in NM (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Martin King Jr Elementary (628 students, 16% FRL); Lincoln Middle (823 students, 21% FRL); Rio Rancho High (math 52% / reading 77%, grade B-, #22 of 110 statewide, top 22%, 2,573 students, 22% FRL) — zoned schools average 20% FRL vs 36% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.1%/yr); 837 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,278 units permitted in Sandoval County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Sandoval County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $188,678 (23.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.77% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.09%
• DSCR: 1.00
• GRM: 10.8

CMA / ARV

• ARV (median comp): $246,403
• List price: $245,000
• Delta: -0.57%
• Verdict: FAIR
• Comps: 14 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
840 Stagecoach Rd SE	0.16mi	3/2.0	1,291 (+4%)	1mo	$312,500	$242	85
583 Stagecoach Rd SE	0.21mi	3/2.0	1,340 (+8%)	3mo	$305,000	$228	75
711 Stagecoach Rd SE	0.05mi	3/2.0	1,376 (+11%)	7mo	$339,000	$246	74
541 Summer Winds Dr SE	0.36mi	3/2.0	1,318 (+6%)	6mo	$289,000	$219	68
444 Stallion Rd SE	0.35mi	3/2.0	1,330 (+7%)	6mo	$295,000	$222	67
350 Western Hills Dr SE	0.42mi	3/3.0	1,293 (+4%)	5mo	$309,900	$240	66
849 Nicklaus Dr SE	0.34mi	3/2.0	1,371 (+10%)	3mo	$299,900	$219	65
469 Wagon Train Dr SE	0.43mi	3/2.0	1,371 (+10%)	4mo	$310,000	$226	60
211 Littler Dr SE	0.57mi	3/2.0	1,425 (+14%)	6mo	$299,000	$210	45
2380 Rosswood Dr SE	0.67mi	3/2.0	1,427 (+15%)	2mo	$324,900	$228	43
643 Lakeview Cir SE	0.54mi	2/2.0 (-1)	1,418 (+14%)	6mo	$315,000	$222	42
790 Arcturus Ave SE	0.66mi	2/2.0 (-1)	1,122 (-10%)	13mo	$250,000	$223	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.13% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-39,879
• Equity at exit: $36,530

10-year hold

• IRR: -8.0%
• Equity multiple: 0.50×
• Total profit: $-34,515
• Equity at exit: $21,183

Cash invested: $68,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State New Mexico: 55 Moderately Landlord-Leaning · D+3
• County: — inherits STATE
• City: — inherits STATE

3-day notice but with cure rights; relocation assistance in some cities.

Methodology + full state rankings →

ZIP-level market 87124

• Rents YoY: 3.1%
• Active inventory: 837
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,887 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$109 /mo · $1,307/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-5

Break-even live

Break-even rent $1,893

Max offer price $244,077

Occupancy floor 95%

Sensitivity live

Price	-10% $133	-5% $64	+0% $-5	+5% $-75	+10% $-144
Rent	-10% $-154	-5% $-80	+0% $-5	+5% $69	+10% $144
Rate	-1.0pp $118	-0.5pp $57	base $-5	+0.5pp $-69	+1.0pp $-133

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2517 Bogie Rd SE Rio Rancho, NM	3.0	2.0	1430	$1,950	$1.36	4d	1	0.56mi
598 Turmalina DR SE Albuquerque, NM	3.0	2.0	1440	$2,375	$1.65	45d	1	0.58mi
305 Geraldine Rd SE Unit A Rio Rancho, NM	2.0	1.0	912	$1,300	$1.43	25d	1	0.71mi
2220 Mayapan Rd SE Rio Rancho, NM	3.0	2.0	1286	$1,850	$1.44	12d	1	0.75mi
325 Geraldine Loop SE Apt A Rio Rancho, NM	2.0	1.5	900	$1,295	$1.44	45d	1	0.76mi
925 Country Club Dr SE Rio Rancho, NM	2.0	2.0	1045	$1,600	$1.53	4d	1	0.81mi
833 Country Club Dr SE Unit 1A Rio Rancho, NM	2.0	2.0	1156	$1,500	$1.30	4d	1	0.82mi
937 Country Club Dr SE Unit J Rio Rancho, NM	2.0	1.5	1100	$1,300	$1.18	45d	1	0.90mi
900 Country Club Dr SE Rio Rancho, NM	1.0–2.0	1.0–2.0	730	$1,567	$2.15	3d	12	1.00mi
85 Darlene Rd SE Apt B Rio Rancho, NM	2.0	1.0	900	$1,195	$1.33	13d	1	1.04mi
37 Parkside Rd SE Rio Rancho, NM	3.0	3.0	1445	$2,600	$1.80	4d	1	1.06mi
201 Pinnacle Dr SE Rio Rancho, NM	1.0–3.0	1.0–2.0	1095	$1,910	$1.74	3d	26	1.12mi
1706 Daybreak Rd SE Rio Rancho, NM	2.0	1.0	981	$1,850	$1.89	13d	1	1.26mi
1706 Daybreak Rd SE Rio Rancho, NM	2.0	1.0	981	$1,850	$1.89	23d	1	1.26mi

Listing history 8 events

1. 2026-06-02
   statusdays on market $245,000 Pending 11 DOM
2. 2026-06-01
   days on market $245,000 Active 10 DOM
3. 2026-05-31
   days on market $245,000 Active 9 DOM
4. 2026-05-10
   status Pending 531-char remark
5. 2026-05-04
   listed $245,000 Active 531-char remark
6. 2026-01-27
   listed $1,950
7. 2018-03-07
   soldstatus
8. 2017-07-17
   soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NM · Resets to sale price

• Current annual tax: $1,307 · $109/mo
• Projected year-2 tax: $1,960 · $163/mo
• Expected delta: +$653/yr (+$54/mo · 50.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,641
• − Mortgage interest: −$13,724
• − Property taxes: −$1,307
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − Depreciation: −$7,127
• Taxable loss: −$4,364
• Est. tax savings @ 24.0%: +$1,047
• After-tax cash flow: $985/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Rio Rancho Public Schools
• NCES district ID: 3500010
• Math proficiency: 48% ▲ 38.00%
• Reading proficiency: 73% ▲ 48.00%
• Median HH income: $59,410
• Composite: 52.29/100
• National rank: #1595
• State rank: #4 of 29 in NM

Livability — Rio Rancho

• Score: 71/100
• State rank: #17
• US rank: #7253

Category grades

Amenities D Commute F Cost of living A Crime C+ Employment B- Housing A+ Health & safety C+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rio Rancho, NM
• County: Sandoval County · 110,336 people
• City population: 110,336
• Metro: Albuquerque, NM
• Population (ZIP): 58,499
• Household income: $86,555
• Rent vs Own: 20.9% rent · 79.1% own
• Severe rent burden: 1027.0

Population outlook (Sandoval County) Hauer SSP2

• Today (2025): 155,072 people
• By 2030: 161,714 · +4.3%
• By 2040: 171,831 · +10.8%
• By 2050: 178,536 · +15.1%
• By 2075: 192,517 · +24.1%
• By 2100: 197,952 · +27.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 47% Hispanic / Latino 41% Two or more races 18% Native American 5% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 24% Puerto Rican 2%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 84% English-only · Spanish 12% Vietnamese 1%

Political lean MEDSL · Sandoval

• 2024 margin: Lean D (+5.8) · D 51.8% · R 46.0% · Other 2.2%
• 2008→2024 swing: -7.0pp toward R · 2008: 12.8pp · 2024: 5.8pp
• All cycles: 2024: D+5.8 2020: D+8.4 2016: D+2.7 2012: D+5.1 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -303.50%
• Current HPI: 219.8377
• Rent YoY: ▲ 3.13%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+12464.1% since first listed

7 events — show timeline

• 2026-06-02 Pending — Southwest MLS
• 2026-05-28 Relisted — Southwest MLS
• 2026-05-10 Pending — Southwest MLS
• 2026-05-04 Listed $245,000 Southwest MLS
• 2026-01-27 Listed for Rent $1,950 REDFIN
• 2018-03-07 Sold (Public Records) — Public Records
• 2017-07-17 Sold (Public Records) — Public Records

Property tax history

+2.8%/yr

Latest (2024): $1,307 · +2.6% YoY. Source: county tax records.