11621 Wild Horse Trl SE · Albuquerque, NM 87123

$84,900

3 bd · 2.0 ba · 896 sqft · Manufactured · 12 Days on market

Manufactured home Built 2021 Good condition $95/sqft · 8% below area Est $92k · 8% under

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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 +26.3/30.0
• ARV discount +11.1/15.0
• DSCR +8.9/10.0
• 1% rule +7.0/10.0
• Schools +5.0/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Appreciation +2.5/10.0
• Rent growth +2.0/5.0
• Manufactured-home adj. -5.6

Listing remarks

Super clean and well maintained 3 bed 2 bath home on a corner lot in the quiet neighborhood of Four Hills Mobile Home Park. Wood laminate flooring, stainless steel appliances. Amenities include 3 pools, 4 playgrounds, community center, clubhouse, tennis and basketball courts. IPS security patrol. Potential BUYERS MUST APPLY AND BE APPROVED with village management prior to purchase. Lot rent is $645/monthly. Home is not on permanent foundation, it is considered chattel. Cash or special financing is required, contact listing broker.

Key facts

• 4 playgrounds
• Quiet neighborhood
• 3 pools

Tags

• CORNER LOT
• QUIET NEIGHBORHOOD
• WOOD LAMINATE FLOORING
• STAINLESS STEEL APPLIANCES
• 3 POOLS
• 4 PLAYGROUNDS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $85k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Cap rate 9.4% vs local median 3.8% 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: Manzano Mesa Elementary (540 students, 100% FRL); Van Buren Middle (398 students, 100% FRL); Highland High (math 30% / reading 70%, grade D+, #36 of 110 statewide, top 45%, 1,152 students, 100% FRL) — zoned schools average 100% FRL vs 60% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 50% at this address vs 63% district-wide (-13 pts) — the specific schools serving this property underperform the Albuquerque Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.1%/yr); 290 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

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

Recommended offer $84,900

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 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?
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: 1.20% ✓
• Cap rate: 9.37%
• Cash-on-cash: 11.01%
• DSCR: 1.49
• GRM: 6.9

CMA / ARV

• ARV (median comp): $92,250
• List price: $84,900
• Delta: -7.97%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 Zena Lona St NE Unit E	1.46mi	2/2.0 (-1)	915 (+2%)	2mo	$200,000	$219	55
10827 Jicama Way SE	1.03mi	2/2.0 (-1)	859 (-4%)	4mo	$245,000	$285	49
242 Burma Dr NE	1.25mi	2/2.0 (-1)	967 (+8%)	2mo	$240,000	$248	45
316 Palmer Park Dr NE	1.35mi	2/2.0 (-1)	985 (+10%)	2mo	$295,000	$299	42
232 Zena Lona St NE	1.20mi	3/2.0	1,044 (+16%)	0mo	$225,000	$216	40
340 Buffalo Cir SE	0.96mi	3/2.0	1,120 (+25%)	1mo	$94,500	$84	39
511 Pattie Ln SE	1.06mi	2/2.0 (-1)	1,007 (+12%)	3mo	$219,500	$218	37
257 Burma Dr NE	1.25mi	3/2.0	1,044 (+16%)	4mo	$230,000	$220	37
625 Fox Ln SE	0.67mi	2/2.0 (-1)	1,066 (+19%)	3mo	$90,000	$84	36
10500 Schenley Park Drive Schenley Park Dr NE	1.46mi	2/2.0 (-1)	1,113 (+24%)	1mo	$272,500	$245	34
12724 Singing Arrow Ave SE	0.94mi	2/2.0 (-1)	1,088 (+21%)	4mo	$250,000	$230	31
412 Seward Park Ave NE	1.35mi	2/2.0 (-1)	1,069 (+19%)	5mo	$275,000	$257	31

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: -3.3%
• Equity multiple: 0.88×
• Total profit: $-2,842
• Equity at exit: $12,659

10-year hold

• IRR: 2.7%
• Equity multiple: 1.17×
• Total profit: $3,931
• Equity at exit: $7,341

Cash invested: $23,772 (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: 4 active · 1 under contract
• Months of supply: 12.0 mo (8%/mo absorbed)
• Median asking: $87,450 ($92/sqft)
• Median days on market: 96 d
• This list price: 25% of active listings are priced below it
• ARV vs active asking: +12.3% above current asking $/sqft

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

ZIP-level market 87123

• Rents YoY: -2.1%
• Active inventory: 290
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,019 high
• Mortgage (P&I): −$445
• Tax est. 1.5%: −$106 /mo · $1,274/yr
• Insurance: −$35
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $218

Break-even live

Break-even rent $743

Max offer price $84,900

Occupancy floor 74%

Sensitivity live

Price	-10% $277	-5% $247	+0% $218	+5% $189	+10% $159
Rent	-10% $138	-5% $178	+0% $218	+5% $258	+10% $298
Rate	-1.0pp $261	-0.5pp $240	base $218	+0.5pp $196	+1.0pp $174

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: $21,225
• Closing costs: $2,547
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
701 Stephen Moody St SE Albuquerque, NM	1.0–2.0	1.0–2.0	814	$1,738	$2.14	16d	10	0.84mi
408 Western Skies Dr SE Apt C Albuquerque, NM	2.0	1.0	900	$950	$1.06	47d	1	0.93mi
301 Western Skies Dr SE Albuquerque, NM	1.0–3.0	1.0–2.0	806	$1,294	$1.60	16d	16	0.96mi
408 Rainbow Ct SE Albuquerque, NM	2.0	1.0	950	$1,200	$1.26	73d	1	0.99mi
12736 Singing Arrow Ave SE Apt B Albuquerque, NM	2.0	1.0	800	$950	$1.19	47d	1	1.00mi
12736 Singing Arrow Ave SE Unit C Albuquerque, NM	2.0	1.0	800	$950	$1.19	73d	1	1.00mi
221 Hanosh Ct SE Albuquerque, NM	2.0	1.0	700	$800	$1.14	93d	1	1.01mi
404 Rainbow Ct SE Unit A Albuquerque, NM	2.0	1.0	985	$950	$0.96	19d	1	1.01mi
313 Whispering Sands Ct SE Apt B Albuquerque, NM	2.0	1.0	825	$1,130	$1.37	47d	1	1.01mi
313 Whispering Sands Ct SE Apt D Albuquerque, NM	2.0	1.0	825	$1,130	$1.37	34d	1	1.01mi
521 Nathan St SE Albuquerque, NM	3.0	2.0	1060	$1,895	$1.79	68d	1	1.01mi
225 Hanosh Ct SE Apt 3 Albuquerque, NM	2.0	1.0	650	$1,200	$1.85	52d	1	1.02mi
405 Dorado Ct SE Albuquerque, NM	2.0	1.0	800	$1,000	$1.25	93d	1	1.02mi
405 Dorado Ct SE Unit D Albuquerque, NM	2.0	1.0	800	$900	$1.12	93d	1	1.02mi
309 Whispering Sands Ct SE Unit 3 Albuquerque, NM	2.0	1.0	825	$1,200	$1.45	73d	1	1.02mi
12912 Marva Pl SE Albuquerque, NM	3.0	1.5	1057	$1,800	$1.70	41d	1	1.05mi
12720 Central Ave SE Albuquerque, NM	1.0–2.0	1.0–2.0	800	$1,125	$1.41	27d	10	1.16mi
201 Burma Dr NE Albuquerque, NM	3.0	1.5	1010	$1,500	$1.49	25d	1	1.20mi
200 Figueroa St NE Albuquerque, NM	1.0–3.0	1.0–2.0	823	$1,607	$1.95	16d	12	1.25mi
13150 Wenonah Ave SE Albuquerque, NM	1.0–2.0	1.0–2.0	789	$1,658	$2.10	16d	12	1.30mi
12021 Skyline Rd NE Albuquerque, NM	1.0–3.0	1.0–2.0	875	$1,592	$1.82	16d	16	1.31mi
11117 Senac Pl NE Albuquerque, NM	2.0	1.0	800	$1,095	$1.37	39d	1	1.33mi
517 Ida Pl NE Albuquerque, NM	3.0	1.5	1058	$1,895	$1.79	19d	1	1.44mi

Listing history 4 events

1. 2026-06-03
   days on market $84,900 Active 12 DOM
2. 2026-06-02
   days on market $84,900 Active 11 DOM
3. 2026-06-01
   days on market $84,900 Active 10 DOM
4. 2026-05-31
   days on market $84,900 Active 9 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 6/10 Major
• 🌡 Heat 4/10 Moderate 3 d/yr ≥94°F today · 7 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,224
• − Mortgage interest: −$4,756
• − Property taxes: −$1,274
• − Insurance: −$424
• − Repairs & maintenance: −$978
• − Management: −$978
• − Depreciation: −$2,470
• Taxable income: $1,345
• Est. tax owed @ 24.0%: −$323
• After-tax cash flow: $2,294/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 $4,480–$13,440 screening

This mobile home is in good condition with cosmetic updates needed to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace window seals — Improves energy efficiency and appearance ↑
• Both Replace flooring — Freshens the interior and adds value ↑

ⓘ 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.

F Composite school gradezoned avg 50/100

Zoned Schools

Elementary Manzano Mesa Elementary Middle Van Buren Middle High Highland High D+ NM #36/110 Nat'l #5,489/17,239

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): 42,252
• Household income: $64,359
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 13% 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: Hispanic / Latino 44% White 40% Two or more races 18% Native American 6% Asian 5% Black 2%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Italian 2% Romanian 2% Lithuanian 1%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 71% English-only · Spanish 22% Vietnamese 2%

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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: ▼ -231.76%
• Current HPI: 233.3553
• Rent YoY: ▼ -2.10%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0