8924 Mission Ridge Dr NW · Albuquerque, NM 87114

$330,000

3 bd · 2.5 ba · 1,690 sqft · Other public records · 95 Days on market

Built 2014 3,920 sqft lot $195/sqft · 18% below area Est $378k · 13% under $25/mo HOA · 1% of rent

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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).

• ARV discount +13.2/15.0
• Cash flow +7.8/30.0
• Schools +5.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.9/10.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

Key facts

• 3,920 sq ft lot
• 2 garage spots
• Built 2014

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $330k.

Deal economics

• At list price, monthly cash flow is $-372 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $264k (19.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $236k (28.6% below list).
• Recommended offer: $236k (28.6% below list) — sets the bar for 1% rule.
• Cap rate 4.9% 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: schools D-, 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.
• Market conditions: Rents soft (-2.5%/yr); 334 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).
• This rent runs 34% of the median local income ($84k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($300k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $30k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $235,523 (28.6% 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. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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. 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?
9. 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.
10. 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.
11. 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: 0.71% ✗
• Cap rate: 4.94%
• Cash-on-cash: -4.83%
• DSCR: 0.79
• GRM: 11.7

CMA / ARV

• ARV (median comp): $377,567
• List price: $330,000
• Delta: -12.60%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.8%
• Equity multiple: 0.09×
• Total profit: $-84,034
• Equity at exit: $49,204

10-year hold

• IRR: -42.1%
• Equity multiple: -0.41×
• Total profit: $-130,297
• Equity at exit: $28,532

Cash invested: $92,400 (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 87114

• Rents YoY: -2.5%
• Active inventory: 334
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,355 high
• Mortgage (P&I): −$1,731
• Tax from tax record: −$339 /mo · $4,069/yr
• Insurance: −$138
• HOA: −$25
• Vacancy / Maint / Mgmt: −$495
• Net cashflow: $-372

Break-even live

Break-even rent $2,826

Max offer price $264,366

Occupancy floor —

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6601 Tree Line Ave NW Albuquerque, NM	2.0–3.0	2.5	1393	$2,380	$1.71	2d	12	0.18mi
9705 Allano Ct NW Albuquerque, NM	3.0	2.5	2043	$2,100	$1.03	43d	1	0.91mi
7109 Acton Ct NW Albuquerque, NM	3.0	2.0	1500	$2,095	$1.40	43d	1	0.96mi
7682 Woodmont Ave NW Albuquerque, NM	2.0–4.0	2.0–2.5	1690	$3,310	$1.96	1d	35	1.03mi
6115 Goldenseal Ct NW Albuquerque, NM	3.0	2.5	2233	$2,800	$1.25	43d	1	1.06mi
6619 Binbrook Rd NW Albuquerque, NM	3.0	2.0	1800	$2,299	$1.28	43d	1	1.14mi
9520 Andesite Dr NW Albuquerque, NM	4.0	2.0	2166	$2,800	$1.29	43d	1	1.15mi
7605 Kentwood Ave NW Albuquerque, NM	3.0	2.0	1700	$1,995	$1.17	21d	1	1.19mi
10215 Marin Dr NW Albuquerque, NM	4.0	2.0	1896	$2,800	$1.48	1d	1	1.21mi
6512 Los Pueblos Pl NW Albuquerque, NM	3.0	2.5	1865	$2,350	$1.26	14d	1	1.26mi
10339 Vendaval Ave NW Albuquerque, NM	4.0	2.5	2100	$2,350	$1.12	3d	1	1.31mi
10416 Rosefinch Dr NW Albuquerque, NM	3.0	2.5	1997	$2,100	$1.05	44d	1	1.41mi
5619 Blue Feather Ave NW Albuquerque, NM	2.0	2.0	1800	$2,200	$1.22	14d	1	1.43mi
7520 Button Quail Ave NW Albuquerque, NM	4.0	2.0	1473	$2,295	$1.56	11d	1	1.49mi

HOA detail

• Monthly dues: $25 · $300/yr

Listing history 11 events

1. 2026-05-17
   price $330,000 549-char remark

   Show marketing remark (549 chars)

   Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

2. 2026-05-04
   price $340,000 549-char remark

   Show marketing remark (549 chars)

   Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

3. 2026-04-20
   price $345,000 549-char remark

   Show marketing remark (549 chars)

   Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

4. 2026-04-07
   price $350,000 549-char remark

   Show marketing remark (549 chars)

   Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

5. 2026-03-16
   price $355,000 549-char remark

   Show marketing remark (549 chars)

   Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

6. 2026-02-20
   listed $360,000 Active 549-char remark

   Show marketing remark (549 chars)

   Welcome to your next chapter -- where comfort and style converge effortlessly. From the moment you step inside, you'll appreciate the thoughtful layout which is filled with bright open spaces that are perfect for gathering with loved ones, or just slipping into a quiet evening of relaxation soaking in the beautiful mountain views. With all appliances included, settling in is a breeze -- just unpack and start enjoying life right away. This home delivers on comfort, functionality, and undeniable charm -- a place you'll be proud to call your own.

7. 2019-06-28
   historical 586-char remark

   Show marketing remark (586 chars)

   MUST SEE. .. Super cute home located in convienent location. Charming courtyard, nice bright open floorplan. Great room/dining, kitchen with granite countertops and stainless steel appliances. Double sinks in master bath, and walk in closet. All appliances stay including washer and dryer. Three bedrooms, and three bathrooms. Unobstructed views! Home has Vivent solar system that is transferrable to the new buyer. Seller pays approx $80.00 per month to Vivent and approx $8.00 a month to PNM. That is winter OR summer utility bill!!! Seller will provide utility records upon request.

8. 2019-06-28
   soldstatus

   Show marketing remark (586 chars)

   MUST SEE. .. Super cute home located in convienent location. Charming courtyard, nice bright open floorplan. Great room/dining, kitchen with granite countertops and stainless steel appliances. Double sinks in master bath, and walk in closet. All appliances stay including washer and dryer. Three bedrooms, and three bathrooms. Unobstructed views! Home has Vivent solar system that is transferrable to the new buyer. Seller pays approx $80.00 per month to Vivent and approx $8.00 a month to PNM. That is winter OR summer utility bill!!! Seller will provide utility records upon request.

9. 2019-06-27
   soldstatus Closed 586-char remark

   Show marketing remark (586 chars)

   MUST SEE. .. Super cute home located in convienent location. Charming courtyard, nice bright open floorplan. Great room/dining, kitchen with granite countertops and stainless steel appliances. Double sinks in master bath, and walk in closet. All appliances stay including washer and dryer. Three bedrooms, and three bathrooms. Unobstructed views! Home has Vivent solar system that is transferrable to the new buyer. Seller pays approx $80.00 per month to Vivent and approx $8.00 a month to PNM. That is winter OR summer utility bill!!! Seller will provide utility records upon request.

10. 2019-05-22
    status Pending 586-char remark

    Show marketing remark (586 chars)

    MUST SEE. .. Super cute home located in convienent location. Charming courtyard, nice bright open floorplan. Great room/dining, kitchen with granite countertops and stainless steel appliances. Double sinks in master bath, and walk in closet. All appliances stay including washer and dryer. Three bedrooms, and three bathrooms. Unobstructed views! Home has Vivent solar system that is transferrable to the new buyer. Seller pays approx $80.00 per month to Vivent and approx $8.00 a month to PNM. That is winter OR summer utility bill!!! Seller will provide utility records upon request.

11. 2019-05-20
    listed $209,000 Active 586-char remark

    Show marketing remark (586 chars)

    MUST SEE. .. Super cute home located in convienent location. Charming courtyard, nice bright open floorplan. Great room/dining, kitchen with granite countertops and stainless steel appliances. Double sinks in master bath, and walk in closet. All appliances stay including washer and dryer. Three bedrooms, and three bathrooms. Unobstructed views! Home has Vivent solar system that is transferrable to the new buyer. Seller pays approx $80.00 per month to Vivent and approx $8.00 a month to PNM. That is winter OR summer utility bill!!! Seller will provide utility records upon request.

ⓘ 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: $4,069 · $339/mo
• Projected year-2 tax: $4,069 · $339/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 5/10 Major 7 d/yr ≥97°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: $28,263
• − Mortgage interest: −$18,485
• − Property taxes: −$4,069
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,261
• − Management: −$2,261
• − HOA: −$300
• − Depreciation: −$9,600
• Taxable loss: −$10,364
• Est. tax savings @ 24.0%: +$2,487
• After-tax cash flow: $-1,971/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: 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

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 · 647,165 people
• City population: 647,165
• Metro: Albuquerque, NM
• Population (ZIP): 70,117
• Household income: $84,277
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 2293.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 46% White 40% Two or more races 21% Native American 4% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 23% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 83% English-only · Spanish 13% Other Indo-European 1%

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: ▼ -227.99%
• Current HPI: 232.3689
• Rent YoY: ▼ -2.45%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+57.9% since first listed

11 events — show timeline

• 2026-05-17 Price Changed $330,000 Southwest MLS
• 2026-05-04 Price Changed $340,000 Southwest MLS
• 2026-04-20 Price Changed $345,000 Southwest MLS
• 2026-04-07 Price Changed $350,000 Southwest MLS
• 2026-03-16 Price Changed $355,000 Southwest MLS
• 2026-02-20 Listed $360,000 Southwest MLS
• 2019-06-28 Delisted — Southwest MLS
• 2019-06-28 Sold (Public Records) — Public Records
• 2019-06-27 Sold (MLS) — Southwest MLS
• 2019-05-22 Pending — Southwest MLS
• 2019-05-20 Listed $209,000 Southwest MLS

Property tax history

+17.8%/yr

Latest (2025): $4,069 · +2.7% YoY. Source: county tax records.