2237 Enloe Dr · Clovis, NM 88101

$149,000

3 bd · 2.0 ba · 1,269 sqft · Other · 3 Days on market

Built 2004 7,841 sqft lot $117/sqft · 44% below area Est $268k · 44% under ↓ 4% since listing

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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 +18.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.8/10.0
• 1% rule +4.5/10.0
• Rent growth +3.9/5.0
• Schools +3.4/10.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SELLER PAYS BUYER CLOSING COSTS!! This 3 bedroom 2 bathroom home will check all your boxes, from tall ceilings, walk in closet, double sinks, jet tub to an open floor plan and updated kitchen with stainless steal appliances (including a washer and dryer). Well maintained back yard with a covered patio facing the west, perfect for back porch sitting. Call Bretni to schedule your private viewing.

Key facts

• Near schools
• East side of clovis
• Large back yard

Tags

• EAST SIDE OF CLOVIS
• NEAR SCHOOLS
• NEAR PARKS
• SHORT COMMUTE TO CANNON AFB
• TRADITIONAL SPLIT FLOORPLAN
• LARGE BACK YARD

Property features AI

Exterior

• Parking: Attached 2-car garage; 2 total parking spaces (2 covered)
• Utilities: Public water; Electricity connected; Sewer connected
• Home design: Single-family residence; One story; Residential property
• Construction: Brick and frame construction
• Exterior features: Covered patio; Fenced backyard; Shingle roof

Interior

• Kitchen: Dishwasher; Free-standing range
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (electric); Central air; Ceiling fan cooling; Electric cooling
• Interior features: Ceiling fans; Vaulted ceilings; Double pane windows; Living room fireplace (1)
• Laundry & utility: Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $149k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (5.0% below list).
• Recommended offer: $142k (5.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 56/100 on livability (#171 in NM) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Clovis Municipal Schools (town): math 31% / reading 49% proficiency, ranked #13 of 29 in NM (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Parkview Elementary (384 students, 100% FRL); Yucca Middle (572 students, 100% FRL); Clovis High (math 31% / reading 49%, grade F, #60 of 110 statewide, top 54%, 1,544 students, 0% FRL) — zoned schools at 67% FRL track the district average.
• Market conditions: Rents rising fast (+5.5%/yr); 471 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 169 units permitted in Curry County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($57k/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 $4k of value loss. Plan a longer hold.
• Curry County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,552 (5.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.95% ✗
• Cap rate: 7.45%
• Cash-on-cash: 4.15%
• DSCR: 1.18
• GRM: 8.8

CMA / ARV

• ARV (median comp): $268,279
• List price: $149,000
• Delta: -44.46%
• Verdict: UNDERPRICED
• Comps: 6 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.54% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.73×
• Total profit: $-11,261
• Equity at exit: $22,216

10-year hold

• IRR: 5.3%
• Equity multiple: 1.43×
• Total profit: $18,007
• Equity at exit: $12,883

Cash invested: $41,720 (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 →

ZIP-level market 88101

• Rents YoY: 5.5%
• Active inventory: 471
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,416 high
• Mortgage (P&I): −$781
• Tax from tax record: −$131 /mo · $1,567/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $144

Break-even live

Break-even rent $1,233

Max offer price $149,000

Occupancy floor 85%

Sensitivity live

Price	-10% $229	-5% $186	+0% $144	+5% $102	+10% $60
Rent	-10% $32	-5% $88	+0% $144	+5% $200	+10% $256
Rate	-1.0pp $219	-0.5pp $182	base $144	+0.5pp $106	+1.0pp $66

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2500 E 14th St Unit 2502-B Clovis, NM	2.0	1.0	900	$1,195	$1.33	45d	1	0.05mi
2112 Fred Daugherty Ave Apt C Clovis, NM	2.0	1.0	900	$925	$1.03	45d	1	0.21mi
1313 Mission Dr Unit a Clovis, NM	2.0	2.0	1055	$1,400	$1.33	45d	1	0.23mi
213 Almond Tree Ln Clovis, NM	4.0	2.0	1601	$1,700	$1.06	45d	1	0.33mi
2101 Bobwhite Ct Unit B Clovis, NM	2.0	2.0	981	$1,200	$1.22	45d	1	0.40mi
2365 Marlene Blvd Unit B Clovis, NM	2.0	2.0	956	$2,000	$2.09	45d	1	0.49mi
2916 Hammond Blvd Clovis, NM	3.0	2.0	1270	$1,600	$1.26	45d	1	0.64mi
1621 N Lea St Clovis, NM	3.0	2.0	1650	$1,500	$0.91	46d	1	1.21mi

Listing history 5 events

1. 2026-05-07
   status Pending 395-char remark
2. 2026-05-04
   listed $149,000 Active 395-char remark
3. 2020-06-30
   soldstatus
4. 2020-06-26
   soldstatus 397-char remark

   Show marketing remark (397 chars)

   SELLER PAYS BUYER CLOSING COSTS!! This 3 bedroom 2 bathroom home will check all your boxes, from tall ceilings, walk in closet, double sinks, jet tub to an open floor plan and updated kitchen with stainless steal appliances (including a washer and dryer). Well maintained back yard with a covered patio facing the west, perfect for back porch sitting. Call Bretni to schedule your private viewing.

5. 2020-01-03
   listed $155,000 397-char remark

   Show marketing remark (397 chars)

   SELLER PAYS BUYER CLOSING COSTS!! This 3 bedroom 2 bathroom home will check all your boxes, from tall ceilings, walk in closet, double sinks, jet tub to an open floor plan and updated kitchen with stainless steal appliances (including a washer and dryer). Well maintained back yard with a covered patio facing the west, perfect for back porch sitting. Call Bretni to schedule your private viewing.

ⓘ 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: $1,567 · $131/mo
• Projected year-2 tax: $1,567 · $131/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 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,986
• − Mortgage interest: −$8,346
• − Property taxes: −$1,567
• − Insurance: −$745
• − Repairs & maintenance: −$1,359
• − Management: −$1,359
• − Depreciation: −$4,335
• Taxable loss: −$724
• Est. tax savings @ 24.0%: +$174
• After-tax cash flow: $1,905/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: Clovis Municipal Schools
• NCES district ID: 3500570
• Math proficiency: 31% ▲ 6.00%
• Reading proficiency: 49% ▲ 14.00%
• Median HH income: $40,532
• Composite: 33.52/100
• National rank: #5435
• State rank: #13 of 29 in NM

Livability — Clovis

• Score: 56/100
• State rank: #171
• US rank: #22374

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clovis, NM
• County: Curry County · 44,846 people
• City population: 44,846
• Metro: Clovis, NM
• Population (ZIP): 44,846
• Household income: $56,587
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 1724.0

Population outlook (Curry County) Hauer SSP2

• Today (2025): 48,742 people
• By 2030: 47,759 · -2.0%
• By 2040: 45,444 · -6.8%
• By 2050: 42,403 · -13.0%
• By 2075: 33,878 · -30.5%
• By 2100: 22,414 · -54.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 47% White 42% Two or more races 14% Black 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 73% English-only · Spanish 25%

Political lean MEDSL · Curry

• 2024 margin: Solid R (+42.6) · D 27.8% · R 70.4% · Other 1.8%
• 2008→2024 swing: -8.5pp toward R · 2008: -34.1pp · 2024: -42.6pp
• All cycles: 2024: R+42.6 2020: R+40.6 2016: R+42.4 2012: R+38.6 2008: R+34.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.79%
• Current HPI: 121.1877
• Rent YoY: ▲ 5.54%
• Metro: Clovis, NM
• State GDP YoY: —
• F500 in state: 0

Price history

-3.9% since first listed

5 events — show timeline

• 2026-05-07 Pending — NMMLS
• 2026-05-04 Listed $149,000 NMMLS
• 2020-06-30 Sold (Public Records) — Public Records
• 2020-06-26 Sold (MLS) — NMMLS
• 2020-01-03 Listed $155,000 NMMLS

Property tax history

+3.3%/yr

Latest (2025): $1,567 · +3.5% YoY. Source: county tax records.