1410 W Hermosa Dr · Artesia, NM 88210

$165,000

4 bd · 2.0 ba · 2,796 sqft · SingleFamily · 323 Days on market

Built 1957 7,866 sqft lot ↓ 3% since listing

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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 +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

Charming split-level home on large corner lot with all new kitchen and new appliances, repainted interior, updated flooring in some areas and new fixtures. Oversized master suite and bath with 3 additional bedrooms and bath on the opposite side of the house. Plenty of room for the entire family to enjoy. New roof in 2010 by Speir Construction with upgraded shingles. Master cool system on South side of house with refrigerated air on the North side.

Key facts

• Two dining spaces
• Walk-in closet
• Split floor plan

Tags

• TWO LIVING AREAS
• TWO DINING SPACES
• SPLIT FLOOR PLAN
• HIGH WINDOW VIEW
• WALK-IN CLOSET
• RECENTLY UPDATED SHOWER

Property features AI

Finance

• HOA & community: Sidewalks in the community

Exterior

• Parking: No garage
• Utilities: Public water; Natural gas available and connected; Electricity connected
• Home design: Residential single-family home; Located on a corner lot (69' x 114')
• Construction: Brick and frame construction; Slab foundation; Built with shingle roof
• Exterior features: Front sprinklers; Chain link fenced yard; Shingle roof

Interior

• Kitchen: Cooktop; Free-standing range; Dishwasher; Microwave; Refrigerator; Water heater
• Bedrooms: Bedrooms with walk-in closets
• Flooring: Laminate flooring; Concrete flooring
• Bathrooms: 1 full bathroom; 2 half bathrooms
• Heating & cooling: Forced air heating; Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Walk-in closets; Blinds on windows; Gas-started fireplace (1)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $165k).
• Recommended offer: $145k (12.0% 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; solid renter incomes; 156 units permitted in Eddy County in 2024 (0 in 5+ unit buildings).
• This rent runs 45% of the median local income ($80k/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 $1k of loan paydown is wiped out by about $5k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 323 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y ago; this cycle's ask has dropped $85k (34%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 323 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.80% ✓
• Cap rate: 15.77%
• Cash-on-cash: 33.86%
• DSCR: 2.51
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 29.2%
• Equity multiple: 2.22×
• Total profit: $56,262
• Equity at exit: $24,602

10-year hold

• IRR: 36.5%
• Equity multiple: 4.37×
• Total profit: $155,816
• Equity at exit: $14,266

Cash invested: $46,200 (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: 4.6×

Monthly cashflow live

• Estimated rent: $2,963 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$103 /mo · $1,241/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$622
• Net cashflow: $1,303

Break-even live

Break-even rent $1,313

Max offer price $165,000

Occupancy floor 51%

Sensitivity live

Price	-10% $1,397	-5% $1,350	+0% $1,303	+5% $1,257	+10% $1,210
Rent	-10% $1,069	-5% $1,186	+0% $1,303	+5% $1,421	+10% $1,538
Rate	-1.0pp $1,387	-0.5pp $1,345	base $1,303	+0.5pp $1,261	+1.0pp $1,217

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-21
   status Pending
2. 2026-05-18
   status Active
3. 2026-05-18
   price $165,000
4. 2026-01-23
   status Pending
5. 2025-12-31
   price $265,000
6. 2025-09-22
   status Active
7. 2025-09-22
   price $275,000
8. 2025-08-11
   status Pending
9. 2025-08-02
   status Active
10. 2025-08-01
    historical
11. 2025-01-26
    listed $250,000 Active
12. 2014-03-07
    soldstatus
13. 2014-03-05
    soldstatus 451-char remark

    Show marketing remark (451 chars)

    Charming split-level home on large corner lot with all new kitchen and new appliances, repainted interior, updated flooring in some areas and new fixtures. Oversized master suite and bath with 3 additional bedrooms and bath on the opposite side of the house. Plenty of room for the entire family to enjoy. New roof in 2010 by Speir Construction with upgraded shingles. Master cool system on South side of house with refrigerated air on the North side.

14. 2012-10-22
    listed $169,500 451-char remark

    Show marketing remark (451 chars)

    Charming split-level home on large corner lot with all new kitchen and new appliances, repainted interior, updated flooring in some areas and new fixtures. Oversized master suite and bath with 3 additional bedrooms and bath on the opposite side of the house. Plenty of room for the entire family to enjoy. New roof in 2010 by Speir Construction with upgraded shingles. Master cool system on South side of house with refrigerated air on the North side.

ⓘ 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: $1,241 · $103/mo
• Projected year-2 tax: $1,320 · $110/mo
• Expected delta: +$79/yr (+$7/mo · 6.4%)

ⓘ 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 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: $35,557
• − Mortgage interest: −$9,243
• − Property taxes: −$1,241
• − Insurance: −$825
• − Repairs & maintenance: −$2,845
• − Management: −$2,845
• − Depreciation: −$4,800
• Taxable income: $13,760
• Est. tax owed @ 24.0%: −$3,302
• After-tax cash flow: $12,339/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

-2.7% since first listed

14 events — show timeline

• 2026-05-21 Pending — NMMLS
• 2026-05-18 Relisted — NMMLS
• 2026-05-18 Price Changed $165,000 NMMLS
• 2026-01-23 Pending — NMMLS
• 2025-12-31 Price Changed $265,000 NMMLS
• 2025-09-22 Relisted — NMMLS
• 2025-09-22 Price Changed $275,000 NMMLS
• 2025-08-11 Pending — NMMLS
• 2025-08-02 Relisted — NMMLS
• 2025-08-01 Delisted — NMMLS
• 2025-01-26 Listed $250,000 NMMLS
• 2014-03-07 Sold (Public Records) — Public Records
• 2014-03-05 Sold (MLS) — NMMLS
• 2012-10-22 Listed $169,500 NMMLS

Property tax history

-0.9%/yr

Latest (2025): $1,241 · -4.4% YoY. Source: county tax records.