1729 Ross St · Clovis, NM 88101

$92,000

2 bd · 1.0 ba · 1,072 sqft · Other · 287 Days on market

Built 1942 6,969 sqft lot $86/sqft · 31% below area Est $134k · 31% under ↓ 14% since listing

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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 +29.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.2/10.0
• 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

This charming two-bedroom, one-bathroom home offers 1,072 square feet of thoughtfully designed living space. Featuring a spacious living room, the home also includes central air conditioning for year-round comfort. Outdoors, enjoy not one but two covered patios accented by decorative concrete sidewalks, ideal for relaxing or hosting. The generously sized lot provides ample room for gardening or additional outdoor activities—plenty of space for pets, play, or your next weekend project. Conveniently located near downtown, restaurants, and shopping, the home also offers easy access to nearby Clovis High School, situated just under a mile away. Whether you're settling down or starting fresh, this property brings comfort and convenience together.

Key facts

• Covered patios
• Generously sized lot
• 6,969 sq ft lot

Tags

• CENTRAL AIR CONDITIONING
• COVERED PATIOS
• DECORATIVE CONCRETE SIDEWALKS
• GENEROUSLY SIZED LOT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $92k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $81k (12.0% below list) — sets the bar for market timing.

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-, schools F, crime 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.
• Market conditions: Rents rising fast (+5.5%/yr); 464 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $636 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $26k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 287 days — a 12% lower offer ($81k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.22% ✓
• Cap rate: 10.48%
• Cash-on-cash: 14.95%
• DSCR: 1.67
• GRM: 6.8

CMA / ARV

• ARV (median comp): $133,710
• List price: $92,000
• Delta: -31.19%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 8.1%
• Equity multiple: 1.33×
• Total profit: $8,451
• Equity at exit: $13,717

10-year hold

• IRR: 19.3%
• Equity multiple: 2.80×
• Total profit: $46,312
• Equity at exit: $7,954

Cash invested: $25,760 (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: 464
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,124 high
• Mortgage (P&I): −$482
• Tax from tax record: −$47 /mo · $560/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $321

Break-even live

Break-even rent $718

Max offer price $92,000

Occupancy floor 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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2517 Ross St Clovis, NM	2.0	1.0	991	$950	$0.96	43d	1	0.53mi
109 State Ave Clovis, NM	2.0	1.0	816	$2,000	$2.45	43d	1	0.54mi
2100 Mitchell St Unit 14 Clovis, NM	2.0	1.0	743	$750	$1.01	43d	1	0.74mi
401 E 5th St Unit 5 Clovis, NM	2.0	1.0	800	$850	$1.06	43d	1	0.94mi
117 Townsgate Plz Unit I Clovis, NM	1.0	1.0	853	$1,000	$1.17	43d	1	1.11mi
3205 N Main St Unit 301 Clovis, NM	3.0	2.0	1017	$1,350	$1.33	43d	1	1.16mi
2112 Fred Daugherty Ave Apt C Clovis, NM	2.0	1.0	900	$925	$1.03	43d	1	1.17mi
3520 Adenmor Ct Clovis, NM	2.0	1.5	1230	$1,200	$0.98	43d	1	1.35mi
2101 Bobwhite Ct Unit B Clovis, NM	2.0	2.0	981	$1,200	$1.22	43d	1	1.40mi
2412 E 14th St Unit 2412-2 Clovis, NM	1.0	1.0	700	$1,050	$1.50	43d	1	1.40mi
2500 E 14th St Unit 2502-B Clovis, NM	2.0	1.0	900	$1,195	$1.33	43d	1	1.41mi
2365 Marlene Blvd Unit B Clovis, NM	2.0	2.0	956	$2,000	$2.09	43d	1	1.45mi

Listing history 19 events

1. 2026-06-19
   days on market $92,000 Active 287 DOM
2. 2026-06-18
   days on market $92,000 Active 286 DOM
3. 2026-06-17
   days on market $92,000 Active 285 DOM
4. 2026-06-16
   days on market $92,000 Active 284 DOM
5. 2026-06-15
   days on market $92,000 Active 283 DOM
6. 2026-06-14
   days on market $92,000 Active 281 DOM
7. 2026-06-12
   days on market $92,000 Active 280 DOM
8. 2026-06-09
   days on market $92,000 Active 277 DOM
9. 2026-06-08
   days on market $92,000 Active 276 DOM
10. 2026-06-07
    days on market $92,000 Active 275 DOM
11. 2026-06-03
    days on market $92,000 Active 271 DOM
12. 2026-06-02
    days on market $92,000 Active 270 DOM
13. 2026-06-01
    days on market $92,000 Active 269 DOM
14. 2026-05-31
    days on market $92,000 Active 268 DOM
15. 2026-05-30
    days on market $92,000 Active 267 DOM
16. 2026-04-01
    price $92,000 757-char remark

    Show marketing remark (757 chars)

    This charming two-bedroom, one-bathroom home offers 1,072 square feet of thoughtfully designed living space. Featuring a spacious living room, the home also includes central air conditioning for year-round comfort. Outdoors, enjoy not one but two covered patios accented by decorative concrete sidewalks, ideal for relaxing or hosting. The generously sized lot provides ample room for gardening or additional outdoor activities—plenty of space for pets, play, or your next weekend project. Conveniently located near downtown, restaurants, and shopping, the home also offers easy access to nearby Clovis High School, situated just under a mile away. Whether you're settling down or starting fresh, this property brings comfort and convenience together.

17. 2026-01-02
    price $96,000 757-char remark

    Show marketing remark (757 chars)

    This charming two-bedroom, one-bathroom home offers 1,072 square feet of thoughtfully designed living space. Featuring a spacious living room, the home also includes central air conditioning for year-round comfort. Outdoors, enjoy not one but two covered patios accented by decorative concrete sidewalks, ideal for relaxing or hosting. The generously sized lot provides ample room for gardening or additional outdoor activities—plenty of space for pets, play, or your next weekend project. Conveniently located near downtown, restaurants, and shopping, the home also offers easy access to nearby Clovis High School, situated just under a mile away. Whether you're settling down or starting fresh, this property brings comfort and convenience together.

18. 2025-10-29
    price $105,000 757-char remark

    Show marketing remark (757 chars)

    This charming two-bedroom, one-bathroom home offers 1,072 square feet of thoughtfully designed living space. Featuring a spacious living room, the home also includes central air conditioning for year-round comfort. Outdoors, enjoy not one but two covered patios accented by decorative concrete sidewalks, ideal for relaxing or hosting. The generously sized lot provides ample room for gardening or additional outdoor activities—plenty of space for pets, play, or your next weekend project. Conveniently located near downtown, restaurants, and shopping, the home also offers easy access to nearby Clovis High School, situated just under a mile away. Whether you're settling down or starting fresh, this property brings comfort and convenience together.

19. 2025-09-05
    listed $107,000 Active 757-char remark

    Show marketing remark (757 chars)

    This charming two-bedroom, one-bathroom home offers 1,072 square feet of thoughtfully designed living space. Featuring a spacious living room, the home also includes central air conditioning for year-round comfort. Outdoors, enjoy not one but two covered patios accented by decorative concrete sidewalks, ideal for relaxing or hosting. The generously sized lot provides ample room for gardening or additional outdoor activities—plenty of space for pets, play, or your next weekend project. Conveniently located near downtown, restaurants, and shopping, the home also offers easy access to nearby Clovis High School, situated just under a mile away. Whether you're settling down or starting fresh, this property brings comfort and convenience together.

ⓘ 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: $560 · $47/mo
• Projected year-2 tax: $736 · $61/mo
• Expected delta: +$176/yr (+$15/mo · 31.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 20 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: $13,494
• − Mortgage interest: −$5,153
• − Property taxes: −$560
• − Insurance: −$460
• − Repairs & maintenance: −$1,079
• − Management: −$1,079
• − Depreciation: −$2,676
• Taxable income: $2,485
• Est. tax owed @ 24.0%: −$596
• After-tax cash flow: $3,254/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

-14.0% since first listed

4 events — show timeline

• 2026-04-01 Price Changed $92,000 NMMLS
• 2026-01-02 Price Changed $96,000 NMMLS
• 2025-10-29 Price Changed $105,000 NMMLS
• 2025-09-05 Listed $107,000 NMMLS

Property tax history

+2.2%/yr

Latest (2025): $560 · +3.9% YoY. Source: county tax records.