7112 Pan American East NE Unit 70 · Albuquerque, NM 87109

$119,900

3 bd · 2.0 ba · 1,419 sqft · Manufactured · 12 Days on market

Manufactured home Built 1977 Good condition $84/sqft · 43% below area Est $210k · 43% under

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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 +29.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Schools +5.3/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Appreciation +2.5/10.0
• Rent growth +2.3/5.0
• Manufactured-home adj. -6.4

Listing remarks

Welcome to this beautifully updated home in Albuquerque Meadows! Thoughtfully improved inside and out, this home offers a comfortable, low-maintenance lifestyle with upgrades you can appreciate from day one. Inside, you'll find luxury vinyl plank flooring and updated baseboards throughout, fresh interior paint, stainless-steel appliances, a large stainless-steel kitchen sink, and freshly painted cabinetry. The primary bedroom features a custom closet system, while the primary bath has been upgraded with a Bath Fitter walk-in shower. Additional touches include 2-inch wood blinds, updated lever-style door handles, and rocker-style light switches throughout.

Key facts

• Custom closet system
• Roof replaced
• Newer hvac system

Tags

• LUXURY VINYL PLANK FLOORING
• STAINLESS STEEL APPLIANCES
• CUSTOM CLOSET SYSTEM
• BATH FITTER WALK IN SHOWER
• NEWER HVAC SYSTEM
• ROOF REPLACED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $120k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $427 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 10.6% vs local median 3.7% 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: Edmund G Ross Elementary (405 students, 100% FRL); Mckinley Middle (486 students, 100% FRL); Del Norte High (1,070 students, 100% FRL) — zoned schools average 100% FRL vs 60% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-1.0%/yr); 289 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).
• This rent runs 32% of the median local income ($59k/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 $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y ago 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 $119,900

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.33% ✓
• Cap rate: 10.57%
• Cash-on-cash: 15.26%
• DSCR: 1.68
• GRM: 6.3

CMA / ARV

• ARV (median comp): $210,000
• List price: $119,900
• Delta: -42.90%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7112 Pan American NE #235	0.02mi	2/2.0 (-1)	1,248 (-12%)	2mo	$99,000	$79	72
7112 Pan American Fwy NE #280	0.00mi	2/2.0 (-1)	1,560 (+10%)	11mo	$56,999	$37	69
6831 Jade Park Ave NE	0.63mi	3/1.5	1,417 (-0%)	9mo	$210,000	$148	61
6609 San Francisco Rd NE	0.52mi	3/2.0	1,500 (+6%)	6mo	$265,000	$177	61
6840 San Francisco Rd NE	0.71mi	3/2.0	1,457 (+3%)	11mo	$250,000	$172	53
6516 Pino Ave NE	0.54mi	3/2.0	1,237 (-13%)	7mo	$219,900	$178	47
6632 San Luis Obispo Ave NE	0.71mi	3/2.0	1,600 (+13%)	2mo	$339,000	$212	44
6835 Jade Park Ave NE	0.64mi	2/2.0 (-1)	1,230 (-13%)	24mo	$229,900	$187	23

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: 2.5%
• Equity multiple: 1.09×
• Total profit: $3,131
• Equity at exit: $17,877

10-year hold

• IRR: 8.9%
• Equity multiple: 1.59×
• Total profit: $19,840
• Equity at exit: $10,367

Cash invested: $33,572 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 7 active · 4 under contract
• Months of supply: 10.5 mo (10%/mo absorbed)
• Median asking: $94,000 ($76/sqft)
• Median days on market: 150 d
• This list price: 71% of active listings are priced below it
• ARV vs active asking: +96.0% above current asking $/sqft

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

ZIP-level market 87109

• Rents YoY: -1.0%
• Active inventory: 289
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,589 high
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,798/yr
• Insurance: −$50
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $427

Break-even live

Break-even rent $1,049

Max offer price $119,900

Occupancy floor 68%

Sensitivity live

Price	-10% $510	-5% $468	+0% $427	+5% $386	+10% $344
Rent	-10% $301	-5% $364	+0% $427	+5% $490	+10% $553
Rate	-1.0pp $487	-0.5pp $457	base $427	+0.5pp $396	+1.0pp $364

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: $29,975
• Closing costs: $3,597
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7112 Pan American Fwy #113 Albuquerque, NM	2.0	2.0	952	$1,850	$1.94	9d	1	0.27mi
6401 Santa Monica Ave NE Albuquerque, NM	1.0–3.0	1.0–2.0	1118	$2,214	$1.98	0d	33	0.29mi
6501 San Antonio Dr NE #5 Albuquerque, NM	2.0	2.0	1000	$1,850	$1.85	93d	1	0.51mi
7015 Natalie Janae Ln NE Albuquerque, NM	3.0	2.5	1585	$2,250	$1.42	74d	1	0.74mi
6728 San Luis Obispo Ave NE Albuquerque, NM	3.0	2.0	1087	$1,595	$1.47	9d	1	0.75mi
7100 Louisiana Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	763	$1,790	$2.35	0d	15	0.75mi
7000 Louisiana Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	840	$1,722	$2.05	0d	9	0.76mi
7501 Jefferson St NE Albuquerque, NM	2.0	1.0–2.0	889	$2,283	$2.57	2d	25	0.76mi
7800 Headline Blvd NE Albuquerque, NM	2.0	1.0–2.0	943	$2,144	$2.27	0d	16	0.79mi
6441 Palomas Ave NE Albuquerque, NM	1.0–2.0	1.0–2.0	976	$3,634	$3.72	9d	6	0.83mi
6800 Vista del Norte Rd NE Albuquerque, NM	1.0–3.0	1.0–2.0	1031	$1,950	$1.89	5d	4	0.96mi
6401 Academy Rd NE Albuquerque, NM	3.0	1.0–2.0	808	$1,925	$2.38	5d	18	1.03mi
6500 Martin Ct NE Albuquerque, NM	3.0	2.0	1376	$2,850	$2.07	93d	1	1.11mi
5741 Osuna Rd NE Albuquerque, NM	1.0–2.0	1.0–2.0	769	$1,630	$2.12	0d	12	1.11mi
5835 Elmwood Dr NE Albuquerque, NM	2.0	2.0	1240	$2,200	$1.77	7d	1	1.12mi
5828 Elmwood Dr NE Albuquerque, NM	2.0	2.0	1236	$1,790	$1.45	119d	1	1.15mi
8319 Santa Clarita St NE Albuquerque, NM	3.0	2.0	1728	$2,500	$1.45	117d	1	1.15mi
7205 Esther Ave NE Albuquerque, NM	2.0	2.0	1751	$4,800	$2.74	93d	1	1.16mi
6505 Sonrisa Pl NE Albuquerque, NM	3.0	2.5	1301	$2,000	$1.54	9d	1	1.21mi
7901 Cockatoo Ln NE Albuquerque, NM	3.0	2.0	1325	$2,050	$1.55	74d	1	1.23mi
5800 Osuna Rd NE Albuquerque, NM	1.0–2.0	1.0–2.0	820	$1,529	$1.86	0d	20	1.28mi
6852 Kelly Ann Rd NE Albuquerque, NM	3.0	2.0	1692	$2,500	$1.48	139d	1	1.29mi
8015 Argyle Ave NE Albuquerque, NM	3.0	2.5	1679	$2,300	$1.37	99d	1	1.30mi
8415 Calle Soquelle NE Albuquerque, NM	3.0	2.0	1871	$2,400	$1.28	9d	1	1.33mi
7616 Copperfield Dr NE Albuquerque, NM	3.0	2.0	1436	$2,600	$1.81	9d	1	1.36mi
5800 Truchas Dr NE Albuquerque, NM	1.0–2.0	1.0–2.0	867	$1,625	$1.87	0d	4	1.41mi
4949 San Pedro Dr NE Albuquerque, NM	1.0–3.0	1.0–1.5	1025	$1,927	$1.88	0d	8	1.41mi
4909 Overland St NE Albuquerque, NM	3.0	2.0	1530	$1,850	$1.21	9d	1	1.42mi
1412 Stone Canyon Rd NE Albuquerque, NM	3.0	2.5	1572	$2,200	$1.40	93d	1	1.45mi
8129 Shannon St NE Albuquerque, NM	3.0	2.0	1500	$2,000	$1.33	93d	1	1.46mi
1509 Calle Sonrisa NE Albuquerque, NM	3.0	2.5	1665	$2,395	$1.44	6d	1	1.48mi
6405 La Habra Ln NE Albuquerque, NM	3.0	3.0	1398	$1,950	$1.39	7d	1	1.49mi
5324 San Mateo Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	748	$1,810	$2.42	0d	26	1.49mi

Property features AI

Finance

• Other: Zoning: R-MC*Road frontage on a paved city streetProperty listed as resaleMobile home dimensions approximately 60' x 24'
• Financial info: Monthly land lease payment
• HOA & community: Has land lease

Exterior

• Parking: Carport with space for 1 vehicle
• Utilities: Electricity connectedNatural gas connectedPublic waterPublic sewer
• Home design: Single-story double-wide modular/prefab homeFaces east
• Construction: Metal sidingPitched shingle roofBuilt by Bend
• Exterior features: Covered patio/deckDeckPatioShed(s)

Interior

• Kitchen: Built-in gas rangeDishwasherMicrowave
• Bedrooms: Bedroom 2 on the main levelBedroom 3 on the main levelOffice on the main level (could function as a bedroom)
• Flooring: CarpetLaminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (forced air)Evaporative cooling with multiple units
• Interior features: Single pane windowsJack and Jill bathroomMain-level primary bedroomTub with shower
• Laundry & utility: Washer includedElectric dryer hookup

Listing history 50 events

1. 2026-09-24
   days on market $119,900 Active 12 DOM
2. 2026-09-23
   days on market $119,900 Active 11 DOM
3. 2026-09-22
   days on market $119,900 Active 10 DOM
4. 2026-09-21
   days on market $119,900 Active 9 DOM
5. 2026-09-20
   days on market $119,900 Active 8 DOM
6. 2026-09-19
   days on market $119,900 Active 7 DOM
7. 2026-09-18
   days on market $119,900 Active 6 DOM
8. 2026-09-17
   days on market $119,900 Active 5 DOM
9. 2026-09-16
   days on market $119,900 Active 4 DOM
10. 2026-09-15
    days on market $119,900 Active 3 DOM
11. 2026-09-14
    days on market $119,900 Active 2 DOM
12. 2026-09-13
    pricedays on marketlisting id $119,900 Active 1 DOM
13. 2026-08-12
    days on market $127,500 Active 167 DOM
14. 2026-08-11
    days on market $127,500 Active 166 DOM
15. 2026-08-10
    days on market $127,500 Active 165 DOM
16. 2026-08-09
    days on market $127,500 Active 164 DOM
17. 2026-08-08
    days on market $127,500 Active 163 DOM
18. 2026-08-07
    days on market $127,500 Active 162 DOM
19. 2026-08-06
    days on market $127,500 Active 161 DOM
20. 2026-08-05
    days on market $127,500 Active 160 DOM
21. 2026-08-04
    days on market $127,500 Active 159 DOM
22. 2026-08-03
    days on market $127,500 Active 158 DOM
23. 2026-08-01
    days on market $127,500 Active 155 DOM
24. 2026-07-30
    days on market $127,500 Active 154 DOM
25. 2026-07-30
    days on market $127,500 Active 153 DOM
26. 2026-07-28
    days on market $127,500 Active 152 DOM
27. 2026-07-26
    days on market $127,500 Active 150 DOM
28. 2026-07-24
    days on market $127,500 Active 148 DOM
29. 2026-07-23
    days on market $127,500 Active 147 DOM
30. 2026-07-22
    days on market $127,500 Active 146 DOM
31. 2026-07-21
    days on market $127,500 Active 145 DOM
32. 2026-07-20
    days on market $127,500 Active 144 DOM
33. 2026-07-18
    days on market $127,500 Active 142 DOM
34. 2026-07-18
    days on market $127,500 Active 141 DOM
35. 2026-07-16
    days on market $127,500 Active 140 DOM
36. 2026-07-15
    days on market $127,500 Active 139 DOM
37. 2026-07-14
    days on market $127,500 Active 138 DOM
38. 2026-07-13
    days on market $127,500 Active 137 DOM
39. 2026-07-13
    days on market $127,500 Active 136 DOM
40. 2026-07-11
    days on market $127,500 Active 135 DOM
41. 2026-07-10
    days on market $127,500 Active 134 DOM
42. 2026-07-09
    days on market $127,500 Active 133 DOM
43. 2026-07-07
    days on market $127,500 Active 131 DOM
44. 2026-07-06
    days on market $127,500 Active 130 DOM
45. 2026-07-05
    days on market $127,500 Active 129 DOM
46. 2026-07-03
    days on market $127,500 Active 127 DOM
47. 2026-07-02
    days on market $127,500 Active 126 DOM
48. 2026-07-01
    days on market $127,500 Active 125 DOM
49. 2026-06-30
    days on market $127,500 Active 124 DOM
50. 2026-06-29
    days on market $127,500 Active 123 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 1/10 Low
• 🌡 Heat 4/10 Moderate 3 d/yr ≥95°F today · 7 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,072
• − Mortgage interest: −$6,716
• − Property taxes: −$1,798
• − Insurance: −$600
• − Repairs & maintenance: −$1,526
• − Management: −$1,526
• − Depreciation: −$3,488
• Taxable income: $3,418
• Est. tax owed @ 24.0%: −$820
• After-tax cash flow: $4,303/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

Good 80/100 Cosmetic rehab Est. rehab $7,095–$21,285 screening

This move-in ready manufactured home in Albuquerque Meadows offers a good condition with a well-thought-out floor plan and new appliances, making it an attractive option for both resale and rental.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value. ↑
• Both Replace blinds — Improves natural light and aesthetics. ↑
• Both Replace light fixtures — Modernizes the home and improves curb appeal. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic 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.

Zoned Schools

Elementary Edmund G Ross Elementary Middle Mckinley Middle High Del Norte High

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): 39,324
• Household income: $58,900
• Rent vs Own: 46.6% rent · 53.4% 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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 47% Hispanic / Latino 36% Two or more races 17% Native American 9% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Lithuanian 2% Slovak 2% Portuguese 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 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: ▼ -303.11%
• Current HPI: 250.5034
• Rent YoY: ▼ -0.97%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Property features AI

Finance

• Other: Zoning: R-MC*Road frontage on a paved city streetProperty listed as resaleMobile home dimensions approximately 60' x 24'
• Financial info: Monthly land lease payment
• HOA & community: Has land lease

Exterior

• Parking: Carport with space for 1 vehicle
• Utilities: Electricity connectedNatural gas connectedPublic waterPublic sewer
• Home design: Single-story double-wide modular/prefab homeFaces east
• Construction: Metal sidingPitched shingle roofBuilt by Bend
• Exterior features: Covered patio/deckDeckPatioShed(s)

Interior

• Kitchen: Built-in gas rangeDishwasherMicrowave
• Bedrooms: Bedroom 2 on the main levelBedroom 3 on the main levelOffice on the main level (could function as a bedroom)
• Flooring: CarpetLaminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (forced air)Evaporative cooling with multiple units
• Interior features: Single pane windowsJack and Jill bathroomMain-level primary bedroomTub with shower
• Laundry & utility: Washer includedElectric dryer hookup

Price history

+33.2% since first listed

6 events — show timeline

• 2026-09-09 Listed $119,900 Southwest MLS
• 2022-06-28 Pending — Southwest MLS
• 2022-06-23 Relisted — Southwest MLS
• 2022-06-10 Pending — Southwest MLS
• 2022-06-07 Price Changed $85,000 Southwest MLS
• 2022-05-24 Listed $90,000 Southwest MLS