911 S 4th St · Artesia, NM 88210

$295,000

3 bd · 2.0 ba · 1,742 sqft · SingleFamily · 69 Days on market

Built 1960 10,075 sqft lot $169/sqft · 307% above area

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Why this score? — see what drove the C+ 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 +26.8/30.0
• DSCR +9.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

AWESOME! TOTALLY REMODELED INSIDE AND OUT IN MINT CONDITION 3 Bedroom Split Floor Plan 2 baths 1742sq ft home. Large covered front porch Welcomes you Home. Upgrades include fresh paint, new luxury vinal plank flooring thru out, new stainless steel appliances, granite counter in kitchen and baths , marble back splash, new mini splits, extra insulation, new light fixtures. The Large backyard and nice storage has a cinderblock fence. This Home is a MUST SEE.

Key facts

• Marble back splash
• Granite counter
• Extra insulation

Tags

• LARGE COVERED FRONT PORCH
• NEW STAINLESS STEEL APPLIANCES
• GRANITE COUNTER
• MARBLE BACK SPLASH
• NEW MINI SPLITS
• EXTRA INSULATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $684 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $295k).
• Recommended offer: $277k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#75 in NM) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, schools F.
• Artesia Public Schools (town): math 29% / reading 42% proficiency, ranked #17 of 95 in NM (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 166 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 156 units permitted in Eddy County in 2024 (0 in 5+ unit buildings).
• At $3,218/mo this rent would consume 48% of the median local household income ($80k/yr) (locally 159% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Eddy County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $122/mo.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $277,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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.
9. 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.
10. 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: 1.09% ✓
• Cap rate: 9.57%
• Cash-on-cash: 11.71%
• DSCR: 1.52
• GRM: 7.6

CMA / ARV

• ARV (median comp): $72,500
• List price: $295,000
• Delta: 306.90%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
316 W Dallas Ave	0.30mi	2/1.5 (-1)	1,610 (-8%)	5mo	$72,500	$45	62

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.95×
• Total profit: $-4,298
• Equity at exit: $43,985

10-year hold

• IRR: 8.3%
• Equity multiple: 1.63×
• Total profit: $52,104
• Equity at exit: $25,506

Cash invested: $82,600 (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 88210

• Active inventory: 166
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,218 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$66 /mo · $789/yr
• Insurance: −$123
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$676
• Net cashflow: $684

Break-even live

Break-even rent $2,352

Max offer price $295,000

Occupancy floor 74%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1402 W Briscoe Ave Artesia, NM	3.0	2.0	1564	$1,750	$1.12	44d	1	0.76mi
2106 W Bullock Ave Artesia, NM	3.0	2.0	1320	$1,800	$1.36	44d	1	1.29mi

Listing history 30 events

1. 2026-06-19
   days on market $295,000 Active 69 DOM
2. 2026-06-18
   days on market $295,000 Active 68 DOM
3. 2026-06-17
   days on market $295,000 Active 67 DOM
4. 2026-06-16
   days on market $295,000 Active 66 DOM
5. 2026-06-15
   days on market $295,000 Active 65 DOM
6. 2026-06-14
   days on market $295,000 Active 63 DOM
7. 2026-06-13
   days on market $295,000 Active 62 DOM
8. 2026-06-10
   days on market $295,000 Active 60 DOM
9. 2026-06-09
   days on market $295,000 Active 59 DOM
10. 2026-06-08
    days on market $295,000 Active 58 DOM
11. 2026-06-07
    days on market $295,000 Active 57 DOM
12. 2026-06-03
    days on market $295,000 Active 53 DOM
13. 2026-06-02
    days on market $295,000 Active 52 DOM
14. 2026-06-01
    days on market $295,000 Active 51 DOM
15. 2026-05-31
    days on market $295,000 Active 50 DOM
16. 2026-05-30
    days on market $295,000 Active 49 DOM
17. 2026-05-01
    price $305,000 459-char remark

    Show marketing remark (459 chars)

    AWESOME! TOTALLY REMODELED INSIDE AND OUT IN MINT CONDITION 3 Bedroom Split Floor Plan 2 baths 1742sq ft home. Large covered front porch Welcomes you Home. Upgrades include fresh paint, new luxury vinal plank flooring thru out, new stainless steel appliances, granite counter in kitchen and baths , marble back splash, new mini splits, extra insulation, new light fixtures. The Large backyard and nice storage has a cinderblock fence. This Home is a MUST SEE.

18. 2026-04-11
    listed $325,000 Active 459-char remark

    Show marketing remark (459 chars)

    AWESOME! TOTALLY REMODELED INSIDE AND OUT IN MINT CONDITION 3 Bedroom Split Floor Plan 2 baths 1742sq ft home. Large covered front porch Welcomes you Home. Upgrades include fresh paint, new luxury vinal plank flooring thru out, new stainless steel appliances, granite counter in kitchen and baths , marble back splash, new mini splits, extra insulation, new light fixtures. The Large backyard and nice storage has a cinderblock fence. This Home is a MUST SEE.

19. 2025-03-19
    soldstatus
20. 2025-03-10
    soldstatus
21. 2025-03-07
    soldstatus Closed 599-char remark

    Show marketing remark (599 chars)

    This charming 3-bedroom, 2-bathroom home is a diamond in the rough, situated on a spacious lot with great potential. While it requires significant repairs and updates, it offers an excellent opportunity for those looking to create their dream home or invest in a renovation project. Ideal for DIY enthusiasts or investors looking to flip or rent. With some vision and effort, this home can become a beautiful haven. The property is offered AS IS, with all faults, and no warranties are implied or expressed by the seller. Case #361-410323. Contact your preferred realtor to schedule a viewing today.

22. 2025-01-23
    status Pending 599-char remark

    Show marketing remark (599 chars)

    This charming 3-bedroom, 2-bathroom home is a diamond in the rough, situated on a spacious lot with great potential. While it requires significant repairs and updates, it offers an excellent opportunity for those looking to create their dream home or invest in a renovation project. Ideal for DIY enthusiasts or investors looking to flip or rent. With some vision and effort, this home can become a beautiful haven. The property is offered AS IS, with all faults, and no warranties are implied or expressed by the seller. Case #361-410323. Contact your preferred realtor to schedule a viewing today.

23. 2024-12-26
    price $111,350 599-char remark

    Show marketing remark (599 chars)

    This charming 3-bedroom, 2-bathroom home is a diamond in the rough, situated on a spacious lot with great potential. While it requires significant repairs and updates, it offers an excellent opportunity for those looking to create their dream home or invest in a renovation project. Ideal for DIY enthusiasts or investors looking to flip or rent. With some vision and effort, this home can become a beautiful haven. The property is offered AS IS, with all faults, and no warranties are implied or expressed by the seller. Case #361-410323. Contact your preferred realtor to schedule a viewing today.

24. 2024-12-20
    status Active 599-char remark

    Show marketing remark (599 chars)

    This charming 3-bedroom, 2-bathroom home is a diamond in the rough, situated on a spacious lot with great potential. While it requires significant repairs and updates, it offers an excellent opportunity for those looking to create their dream home or invest in a renovation project. Ideal for DIY enthusiasts or investors looking to flip or rent. With some vision and effort, this home can become a beautiful haven. The property is offered AS IS, with all faults, and no warranties are implied or expressed by the seller. Case #361-410323. Contact your preferred realtor to schedule a viewing today.

25. 2024-11-12
    status Pending 599-char remark

    Show marketing remark (599 chars)

    This charming 3-bedroom, 2-bathroom home is a diamond in the rough, situated on a spacious lot with great potential. While it requires significant repairs and updates, it offers an excellent opportunity for those looking to create their dream home or invest in a renovation project. Ideal for DIY enthusiasts or investors looking to flip or rent. With some vision and effort, this home can become a beautiful haven. The property is offered AS IS, with all faults, and no warranties are implied or expressed by the seller. Case #361-410323. Contact your preferred realtor to schedule a viewing today.

26. 2024-10-29
    listed $131,000 Active 599-char remark

    Show marketing remark (599 chars)

    This charming 3-bedroom, 2-bathroom home is a diamond in the rough, situated on a spacious lot with great potential. While it requires significant repairs and updates, it offers an excellent opportunity for those looking to create their dream home or invest in a renovation project. Ideal for DIY enthusiasts or investors looking to flip or rent. With some vision and effort, this home can become a beautiful haven. The property is offered AS IS, with all faults, and no warranties are implied or expressed by the seller. Case #361-410323. Contact your preferred realtor to schedule a viewing today.

27. 2023-03-12
    price $179,000
28. 2022-11-18
    price $174,500
29. 2014-12-01
    soldstatus
30. 2012-04-26
    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: $789 · $66/mo
• Projected year-2 tax: $2,360 · $197/mo
• Expected delta: +$1,571/yr (+$131/mo · 199.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AO · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 6/10 Major 6 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,613
• − Mortgage interest: −$16,525
• − Property taxes: −$789
• − Insurance: −$2,942
• − Repairs & maintenance: −$3,089
• − Management: −$3,089
• − Depreciation: −$8,582
• Taxable income: $3,597
• Est. tax owed @ 24.0%: −$863
• After-tax cash flow: $7,345/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: Artesia Public Schools
• NCES district ID: 3500120
• Math proficiency: 29% —
• Reading proficiency: 42% —
• Median HH income: $51,397
• Composite: 33.48/100
• National rank: #10522
• State rank: #17 of 95 in NM

Livability — Artesia

• Score: 63/100
• State rank: #75
• US rank: #15300

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Artesia, NM
• County: Eddy County · 58,370 people
• City population: 18,542
• Metro: Carlsbad-Artesia, NM
• Population (ZIP): 18,542
• Household income: $79,632
• Rent vs Own: 28.7% rent · 71.3% own
• Severe rent burden: 159.0

Population outlook (Eddy County) Hauer SSP2

• Today (2025): 65,505 people
• By 2030: 69,797 · +6.6%
• By 2040: 79,191 · +20.9%
• By 2050: 89,199 · +36.2%
• By 2075: 115,829 · +76.8%
• By 2100: 129,336 · +97.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (55%)
• Race & ethnicity: Hispanic / Latino 55% White 40% Two or more races 19% Native American 3%
• Hispanic origin (detail): Mexican 50%
• Common ancestry: Italian 1% Romanian 1% Iranian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 24%

Political lean MEDSL · Eddy

• 2024 margin: Solid R (+55.9) · D 21.4% · R 77.3% · Other 1.3%
• 2008→2024 swing: -30.2pp toward R · 2008: -25.6pp · 2024: -55.9pp
• All cycles: 2024: R+55.9 2020: R+51.8 2016: R+41.6 2012: R+33.5 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -238.85%
• Current HPI: 115.6107
• Rent YoY: —
• Metro: Carlsbad-Artesia, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+74.8% since first listed

14 events — show timeline

• 2026-05-01 Price Changed $305,000 NMMLS
• 2026-04-11 Listed $325,000 NMMLS
• 2025-03-19 Sold (Public Records) — Public Records
• 2025-03-10 Sold (Public Records) — Public Records
• 2025-03-07 Sold (MLS) — NMMLS
• 2025-01-23 Pending — NMMLS
• 2024-12-26 Price Changed $111,350 NMMLS
• 2024-12-20 Relisted — NMMLS
• 2024-11-12 Pending — NMMLS
• 2024-10-29 Listed $131,000 NMMLS
• 2023-03-12 Price Changed $179,000 NMMLS
• 2022-11-18 Price Changed $174,500 NMMLS
• 2014-12-01 Sold (Public Records) — Public Records
• 2012-04-26 Sold (Public Records) — Public Records

Property tax history

+0.5%/yr

Latest (2025): $789 · -4.3% YoY. Source: county tax records.