6124 Nauman Dr · Albuquerque, NM 87106

$389,900

3 bd · 2.5 ba · 3,009 sqft · Other public records · 91 Days on market

Built 2022 3,999 sqft lot $64/mo HOA · 2% of rent

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Why this score? — see what drove the F 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 +7.9/30.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.6/5.0
• 1% rule +3.2/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Built in 2022 & located in Mesa Del Sol, this craftsman style home offers modern finishes & like new condition. Open floor plan w/ 9-foot ceilings & LVP flooring on the lower level. Kitchen incls solid surface countertops, island w/ breakfast bar, Shaker style cabinetry, recessed stainless sink, bronze fixtures, 5 burner gas range, built-in microwave, refrigerator, large walk-in pantry, & extra storage under stairs. 1/2 bath downstairs. All bedrooms upstairs w/ spacious secondary rooms w/ mountain views & full hall bath w/ custom tile surround. Primary suite offers a large walk-in closet w/ built-ins, dbl sinks, & oversized custom tile surround shower. High-efficiency HVAC, tankless water heater, low maintenance landscaping, covered patios. Community parks, walking trails & swimming pool

Key facts

• 3,999 sq ft lot
• 2 garage spots
• Community pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $390k.

Deal economics

• At list price, monthly cash flow is $-422 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $315k (19.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $321k (17.8% below list).
• Recommended offer: $315k (19.1% below list) — sets the bar for cash-flow.
• Cap rate 5.0% 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 flat; 183 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).
• At $3,207/mo this rent would consume 77% of the median local household income ($50k/yr) (locally 2859% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 2 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 $315,313 (19.1% 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 91 days. Have you received any prior offers? Is the seller open to a 19% 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: 0.82% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.64%
• DSCR: 0.79
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.5% rent growth · sell at horizon

5-year hold

• IRR: -27.2%
• Equity multiple: 0.10×
• Total profit: $-97,733
• Equity at exit: $58,135

10-year hold

• IRR: -38.9%
• Equity multiple: -0.37×
• Total profit: $-149,598
• Equity at exit: $33,711

Cash invested: $109,172 (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 87106

• Rents YoY: 0.5%
• Active inventory: 183
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $3,207 medium
• Mortgage (P&I): −$2,045
• Tax from tax record: −$684 /mo · $8,211/yr
• Insurance: −$162
• HOA: −$64
• Vacancy / Maint / Mgmt: −$673
• Net cashflow: $-422

Break-even live

Break-even rent $3,741

Max offer price $315,313

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: $97,475
• Closing costs: $11,697
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6057 Nauman Dr Albuquerque, NM	4.0	2.0	2114	$4,600	$2.18	2d	1	0.07mi
2327 Stieglitz Ave SE Albuquerque, NM	3.0	2.5	2411	$5,000	$2.07	2d	1	0.31mi

HOA detail

• Monthly dues: $64 · $768/yr
• Likely covers: watergaslandscapingpool

Listing history 6 events

1. 2026-04-02
   price $389,900 838-char remark

   Show marketing remark (838 chars)

   Built in 2022 & located in Mesa Del Sol, this craftsman style home offers modern finishes & like new condition. Open floor plan w/ 9-foot ceilings & LVP flooring on the lower level. Kitchen incls solid surface countertops, island w/ breakfast bar, Shaker style cabinetry, recessed stainless sink, bronze fixtures, 5 burner gas range, built-in microwave, refrigerator, large walk-in pantry, & extra storage under stairs. 1/2 bath downstairs. All bedrooms upstairs w/ spacious secondary rooms w/ mountain views & full hall bath w/ custom tile surround. Primary suite offers a large walk-in closet w/ built-ins, dbl sinks, & oversized custom tile surround shower. High-efficiency HVAC, tankless water heater, low maintenance landscaping, covered patios. Community parks, walking trails & swimming pool

2. 2026-02-27
   listed $399,900 Active 838-char remark

   Show marketing remark (838 chars)

   Built in 2022 & located in Mesa Del Sol, this craftsman style home offers modern finishes & like new condition. Open floor plan w/ 9-foot ceilings & LVP flooring on the lower level. Kitchen incls solid surface countertops, island w/ breakfast bar, Shaker style cabinetry, recessed stainless sink, bronze fixtures, 5 burner gas range, built-in microwave, refrigerator, large walk-in pantry, & extra storage under stairs. 1/2 bath downstairs. All bedrooms upstairs w/ spacious secondary rooms w/ mountain views & full hall bath w/ custom tile surround. Primary suite offers a large walk-in closet w/ built-ins, dbl sinks, & oversized custom tile surround shower. High-efficiency HVAC, tankless water heater, low maintenance landscaping, covered patios. Community parks, walking trails & swimming pool

3. 2022-05-12
   status Pending
4. 2022-05-04
   price $376,311
5. 2022-03-15
   price $375,910
6. 2022-03-01
   listed $370,190 Active

ⓘ 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: $8,211 · $684/mo
• Projected year-2 tax: $8,211 · $684/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $38,479
• − Mortgage interest: −$21,840
• − Property taxes: −$8,211
• − Insurance: −$1,950
• − Repairs & maintenance: −$3,078
• − Management: −$3,078
• − HOA: −$768
• − Depreciation: −$11,343
• Taxable loss: −$11,790
• Est. tax savings @ 24.0%: +$2,829
• After-tax cash flow: $-2,237/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): 26,953
• Household income: $49,781
• Rent vs Own: 61.5% rent · 38.5% own
• Severe rent burden: 2859.0

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 0.64)
• Race & ethnicity: White 46% Hispanic / Latino 39% Two or more races 16% Native American 5% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 77% English-only · Spanish 15% Other Indo-European 1% Vietnamese 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: ▼ -420.04%
• Current HPI: 245.4275
• Rent YoY: ▲ 0.50%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+5.3% since first listed

6 events — show timeline

• 2026-04-02 Price Changed $389,900 Southwest MLS
• 2026-02-27 Listed $399,900 Southwest MLS
• 2022-05-12 Pending — Southwest MLS
• 2022-05-04 Price Changed $376,311 Southwest MLS
• 2022-03-15 Price Changed $375,910 Southwest MLS
• 2022-03-01 Listed $370,190 Southwest MLS

Property tax history

+2.0%/yr

Latest (2025): $8,211 · +2.7% YoY. Source: county tax records.