9301 Volcano Rd NW Trlr 186 · Albuquerque, NM 87121

$99,000

4 bd · 2.0 ba · 1,344 sqft · Manufactured · 122 Days on market

Manufactured home Built 2000 Fair condition $74/sqft · 64% below area

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Appreciation +2.5/10.0
• Condition / age +2.2/5.0
• Rent growth +2.0/5.0
• Manufactured-home adj. -5.7

Listing remarks

Welcome home to this spacious and well-maintained 4-bedroom, 2-bath manufactured home located in a desirable manufactured home community! Offering approximately 1344sqft of comfortable living space, this home features an open-concept floor plan perfect for family living and entertaining. The bright and airy living room flows seamlessly into the dining area and updated kitchen, complete with stainless appliances. The primary suite offers a private retreat with a generous walk-in closet and en-suite bathroom. Three additional bedrooms provide plenty of space for family, guests, or a home office, while the second full bath is conveniently located for everyday use.

Key facts

• Metal roof
• Walk-in closet
• Stainless appliances

Tags

• OPEN-CONCEPT FLOOR PLAN
• STAINLESS APPLIANCES
• WALK-IN CLOSET
• EN-SUITE BATHROOM
• METAL ROOF
• EVAPORATIVE COOLING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $99k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $624 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 3.8% in Albuquerque — 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 72/100 on livability (#13 in NM) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Albuquerque Public Schools (urban): math 51% / reading 75% proficiency, ranked #3 of 29 in NM (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Painted Sky Elementary (620 students, 100% FRL); Jimmy Carter Middle (542 students, 100% FRL); West Mesa High (math 30% / reading 50%, grade F, #61 of 110 statewide, top 61%, 1,799 students, 100% FRL) — zoned schools average 100% FRL vs 60% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 63% district-wide (-23 pts) — the specific schools serving this property underperform the Albuquerque Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.9%/yr); 355 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 47d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).
• This rent runs 33% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 1.67% ✓
• Cap rate: 13.86%
• Cash-on-cash: 27.03%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

• ARV (median comp): $278,000
• List price: $99,000
• Delta: -64.39%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
824 Ekarma Dr NW	0.90mi	3/2.0 (-1)	1,385 (+3%)	1mo	$325,000	$235	54
820 110th St SW	1.46mi	3/2.0 (-1)	1,418 (+6%)	0mo	$299,000	$211	51
8901 Via Del Oro SW	0.48mi	3/2.0 (-1)	1,528 (+14%)	0mo	$275,000	$180	49
10308 Connemara Dr SW	1.28mi	3/2.0 (-1)	1,443 (+7%)	0mo	$305,000	$211	48
7709 Greywolf Rd SW	1.27mi	3/2.0 (-1)	1,468 (+9%)	0mo	$300,000	$204	44
8416 Vista Serena Ln SW	1.09mi	3/2.0 (-1)	1,219 (-9%)	1mo	$275,000	$226	44
7508 Via Serenita SW	1.21mi	4/2.0	1,597 (+19%)	0mo	$300,000	$188	40
487 Treasure Stone Dr SW	0.76mi	3/2.0 (-1)	1,150 (-14%)	1mo	$282,000	$245	35
9304 Tephra Ave NW	1.16mi	3/2.0 (-1)	1,566 (+16%)	0mo	$365,000	$233	35
916 Kipuka Dr NW	1.03mi	3/2.0 (-1)	1,567 (+17%)	0mo	$325,000	$207	35
7523 Via Serenita SW	1.16mi	3/2.0 (-1)	1,630 (+21%)	1mo	$337,000	$207	34
1040 Pacaya Dr NW	1.32mi	3/2.0 (-1)	1,621 (+21%)	1mo	$340,000	$210	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.68×
• Total profit: $18,902
• Equity at exit: $14,761

10-year hold

• IRR: 23.8%
• Equity multiple: 2.77×
• Total profit: $49,015
• Equity at exit: $8,560

Cash invested: $27,720 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active · 1 under contract
• Months of supply: 3.0 mo (33%/mo absorbed)
• Median asking: $275,000 ($179/sqft)
• Median days on market: 12 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +15.3% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 87121

• Home prices YoY: -19.4%
• Rents YoY: -1.9%
• Active inventory: 355
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,657 high
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $624

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 57%

Sensitivity live

Price	-10% $693	-5% $659	+0% $624	+5% $590	+10% $556
Rent	-10% $494	-5% $559	+0% $624	+5% $690	+10% $755
Rate	-1.0pp $674	-0.5pp $650	base $624	+0.5pp $599	+1.0pp $573

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: $24,750
• Closing costs: $2,970
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9019 Starboard Rd NW Albuquerque, NM	3.0	2.0	1459	$2,100	$1.44	47d	1	0.34mi
9016 Anacapa Ave NW Albuquerque, NM	3.0	2.0	1635	$2,050	$1.25	46d	1	0.42mi
9031 San Nicholas Ave NW Albuquerque, NM	3.0	2.0	1727	$2,125	$1.23	52d	1	0.50mi
8200 Bridge Blvd SW Albuquerque, NM	2.0–4.0	2.0	992	$2,402	$2.42	16d	3	0.75mi
8308 Vista Clara Ln SW Albuquerque, NM	3.0	2.0	1189	$1,800	$1.51	19d	1	1.04mi
8416 Magenta Rd NW Albuquerque, NM	3.0	2.0	1256	$2,195	$1.75	93d	1	1.07mi
7623 Javelina Rd SW Albuquerque, NM	3.0	2.0	1394	$1,795	$1.29	25d	1	1.28mi
728 Nicklaus Dr SW Albuquerque, NM	3.0	2.0	1425	$1,800	$1.26	93d	1	1.29mi
319 Lindsay Pl SW Albuquerque, NM	3.0	2.0	1103	$1,995	$1.81	27d	1	1.37mi
8404 Casa Morena Ct NW Albuquerque, NM	3.0	2.5	1768	$2,000	$1.13	63d	1	1.41mi
8401 Casa Negra Ct NW Albuquerque, NM	3.0	2.5	1601	$1,900	$1.19	47d	1	1.48mi

Property features AI

Finance

• Financial info: Monthly land lease: $820
• HOA & community: Has land lease

Exterior

• Utilities: Electricity connectedNatural gas connectedPublic waterPublic sewer
• Home design: Double wide mobile home1 storyFaces southResale
• Construction: Metal roofWood siding constructionBuilt by Clayton (Oakwood model)Mobile length 48 ft by width 28 ft
• Exterior features: SkirtingShed(s)Corner lotPlanned unit developmentGate

Interior

• Kitchen: Free-standing gas rangeRange hoodRefrigeratorPantry
• Bedrooms: Main level bedroom(s)
• Flooring: CarpetTile
• Bathrooms: 1 full bathroom1 three-quarter bathroom
• Heating & cooling: Central heatingEvaporative coolingWindow unit(s)
• Interior features: Ceiling fan(s)Family/Dining roomLiving/Dining roomMain level primaryPantryDouble pane windowsInsulated windows
• Laundry & utility: Washer hookupDryer (electric hookup)Dryer (gas hookup)WasherDryer

Listing history 50 events

1. 2026-08-08
   days on market $99,000 Active 122 DOM
2. 2026-08-07
   days on market $99,000 Active 121 DOM
3. 2026-08-06
   days on market $99,000 Active 120 DOM
4. 2026-08-05
   days on market $99,000 Active 119 DOM
5. 2026-08-04
   days on market $99,000 Active 118 DOM
6. 2026-08-03
   days on market $99,000 Active 117 DOM
7. 2026-08-01
   days on market $99,000 Active 114 DOM
8. 2026-07-30
   days on market $99,000 Active 113 DOM
9. 2026-07-30
   days on market $99,000 Active 112 DOM
10. 2026-07-28
    days on market $99,000 Active 111 DOM
11. 2026-07-26
    days on market $99,000 Active 109 DOM
12. 2026-07-24
    days on market $99,000 Active 107 DOM
13. 2026-07-23
    days on market $99,000 Active 106 DOM
14. 2026-07-22
    days on market $99,000 Active 105 DOM
15. 2026-07-21
    days on market $99,000 Active 104 DOM
16. 2026-07-20
    days on market $99,000 Active 103 DOM
17. 2026-07-18
    days on market $99,000 Active 101 DOM
18. 2026-07-18
    days on market $99,000 Active 100 DOM
19. 2026-07-16
    days on market $99,000 Active 99 DOM
20. 2026-07-15
    days on market $99,000 Active 98 DOM
21. 2026-07-14
    days on market $99,000 Active 97 DOM
22. 2026-07-14
    price $99,000 Active 96 DOM
23. 2026-07-13
    days on market $109,000 Active 96 DOM
24. 2026-07-13
    days on market $109,000 Active 95 DOM
25. 2026-07-11
    days on market $109,000 Active 94 DOM
26. 2026-07-10
    days on market $109,000 Active 93 DOM
27. 2026-07-09
    days on market $109,000 Active 92 DOM
28. 2026-07-07
    days on market $109,000 Active 90 DOM
29. 2026-07-06
    days on market $109,000 Active 89 DOM
30. 2026-07-05
    days on market $109,000 Active 88 DOM
31. 2026-07-03
    days on market $109,000 Active 86 DOM
32. 2026-07-02
    days on market $109,000 Active 85 DOM
33. 2026-07-01
    days on market $109,000 Active 84 DOM
34. 2026-06-30
    days on market $109,000 Active 83 DOM
35. 2026-06-29
    days on market $109,000 Active 82 DOM
36. 2026-06-28
    days on market $109,000 Active 81 DOM
37. 2026-06-27
    days on market $109,000 Active 80 DOM
38. 2026-06-27
    days on market $109,000 Active 79 DOM
39. 2026-06-25
    days on market $109,000 Active 77 DOM
40. 2026-06-22
    days on market $109,000 Active 75 DOM
41. 2026-06-22
    days on market $109,000 Active 74 DOM
42. 2026-06-18
    days on market $109,000 Active 71 DOM
43. 2026-06-17
    days on market $109,000 Active 70 DOM
44. 2026-06-16
    days on market $109,000 Active 69 DOM
45. 2026-06-15
    days on market $109,000 Active 68 DOM
46. 2026-06-13
    days on market $109,000 Active 66 DOM
47. 2026-06-10
    days on market $109,000 Active 63 DOM
48. 2026-06-09
    days on market $109,000 Active 62 DOM
49. 2026-06-08
    days on market $109,000 Active 61 DOM
50. 2026-06-07
    days on market $109,000 Active 60 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,878
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$1,590
• − Management: −$1,590
• − Depreciation: −$2,880
• Taxable income: $6,292
• Est. tax owed @ 24.0%: −$1,510
• After-tax cash flow: $5,984/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab Est. rehab $33,600–$60,480 screening

This home requires moderate repairs and maintenance to improve its condition and increase its value. Painting, replacing cabinets and countertops, and repairing exterior siding are some of the key areas to focus on.

Repairs flagged

• Moderate Kitchen cabinets — Signs of wear and tear.
• Moderate Bathroom shower curtains — Signs of wear and tear.
• Moderate Kitchen countertops — Signs of wear and tear.
• Minor Exterior siding — Some visible signs of wear.
• Moderate Interior walls — Signs of wear and discoloration.
• Moderate Windows — Signs of wear.
• Moderate HVAC unit — Signs of wear and tear.
• Moderate Landscaping — Some visible signs of wear and debris on the ground.

Value-add opportunities

• Both Paint interior walls — Fresh paint can make the home look more appealing and increase both resale and rental value. ↑
• Both Replace kitchen cabinets — New cabinets can significantly improve the kitchen's appearance and functionality, increasing both resale and rental value. ↑
• Both Replace bathroom shower curtains — Fresh, clean shower curtains can make the bathroom look more appealing and increase both resale and rental value. ↑
• Both Replace kitchen countertops — New countertops can improve the kitchen's appearance and functionality, increasing both resale and rental value. ↑
• Both Repair exterior siding — Fresh siding can improve the home's curb appeal and increase both resale and rental value. ↑
• Both Paint interior walls — Fresh paint can make the home look more appealing and increase both resale and rental value. ↑
• Both Replace windows — New windows can improve the home's energy efficiency and increase both resale and rental value. ↑
• Both Clean HVAC unit — A clean HVAC unit can improve the home's air quality and increase both resale and rental value. ↑
• Both Maintain landscaping — Well-maintained landscaping can improve the home's curb appeal and increase both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 40/100

Zoned Schools

Elementary Painted Sky Elementary Middle Jimmy Carter Middle High West Mesa High F NM #61/110 Nat'l #8,169/17,239

Schools (NCES district)

• District: Albuquerque Public Schools
• NCES district ID: 3500060
• Math proficiency: 51% ▲ 30.00%
• Reading proficiency: 75% ▲ 45.00%
• Median HH income: $48,151
• Composite: 53.29/100
• National rank: #1487
• State rank: #3 of 29 in NM

B Composite livability gradescore 72/100

Livability — Albuquerque

• Score: 72/100
• State rank: #13
• US rank: #6219

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albuquerque, NM
• County: Bernalillo County · 704,528 people
• City population: 647,165
• Metro: Albuquerque, NM
• Population (ZIP): 75,510
• Household income: $60,796
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 14% of renters

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Population outlook (Bernalillo County) Hauer SSP2

• Today (2025): 704,528 people
• By 2030: 711,723 · +1.0%
• By 2040: 714,522 · +1.4%
• By 2050: 709,274 · +0.7%
• By 2075: 680,015 · -3.5%
• By 2100: 619,879 · -12.0%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (82%)
• Race & ethnicity: Hispanic / Latino 82% Two or more races 32% White 9% Native American 4% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 60%
• Common ancestry: Italian 1% Lithuanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 53% English-only · Spanish 44% Tagalog/Filipino 1%

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Political lean MEDSL · Bernalillo

• 2024 margin: Strong D (+21.0) · D 59.2% · R 38.2% · Other 2.6%
• 2008→2024 swing: -0.3pp no change · 2008: 21.4pp · 2024: 21.0pp
• All cycles: 2024: D+21.0 2020: D+24.4 2016: D+17.8 2012: D+16.2 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.80%
• Current HPI: 261.8123
• Rent YoY: ▼ -1.86%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Property features AI

Finance

• Financial info: Monthly land lease: $820
• HOA & community: Has land lease

Exterior

• Utilities: Electricity connectedNatural gas connectedPublic waterPublic sewer
• Home design: Double wide mobile home1 storyFaces southResale
• Construction: Metal roofWood siding constructionBuilt by Clayton (Oakwood model)Mobile length 48 ft by width 28 ft
• Exterior features: SkirtingShed(s)Corner lotPlanned unit developmentGate

Interior

• Kitchen: Free-standing gas rangeRange hoodRefrigeratorPantry
• Bedrooms: Main level bedroom(s)
• Flooring: CarpetTile
• Bathrooms: 1 full bathroom1 three-quarter bathroom
• Heating & cooling: Central heatingEvaporative coolingWindow unit(s)
• Interior features: Ceiling fan(s)Family/Dining roomLiving/Dining roomMain level primaryPantryDouble pane windowsInsulated windows
• Laundry & utility: Washer hookupDryer (electric hookup)Dryer (gas hookup)WasherDryer

Price history

1 event — show timeline

• 2026-02-27 Listed $109,000 Southwest MLS