1306 W Dallas Ave · Artesia, NM 88210

$295,000

3 bd · 2.0 ba · 1,787 sqft · SingleFamily · 10 Days on market

Built 1970 Poor condition $165/sqft · 203% above area

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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 +25.8/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

AWESOME REMODELED HOME! This 3-Bedroom 2 Bath 1713 Sq Ft 1 car garage home sits on 82" X 120" Lot is a MUST SEE. The Large living room Welcomes You, The Amazing Kitchen features NEW cabinets, granite countertops, sink, facet, stove & refrigerator. Family/ Dining room has a fireplace.

Key facts

• Two living areas
• Large open kitchen
• Corner lot

Tags

• CORNER LOT
• TWO LIVING AREAS
• LARGE OPEN KITCHEN
• BACK PATIO
• ENCLOSED YARD

Property features AI

Exterior

• Parking: Attached garage (1 covered/1 total parking space)
• Utilities: Public water; Natural gas available and connected; Electricity connected; Sewer connected
• Home design: Single-family residence; One story / One level
• Construction: Brick construction
• Exterior features: Block fence; Shingle roof

Interior

• Kitchen: Disposal; Free‑standing range; Refrigerator; Electric water heater
• Flooring: Hardwood; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Ceiling fan(s) and electric cooling
• Interior features: Ceiling fan(s); Wood-burning fireplace in family room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $295k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $715 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $295k).

Location & tenants

• Location reads 63/100 on livability (#75 in NM) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, crime F.
• Artesia Public Schools (town): math 29% / reading 42% proficiency, ranked #17 of 95 in NM (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Yeso Elementary (493 students, 40% FRL); Artesia Zia Intermediate (546 students, 50% FRL); Artesia High (math 44% / reading 74%, grade C+, #27 of 110 statewide, top 28%, 766 students, 40% FRL) — zoned schools at 43% FRL track the district average.
• Zoned-school proficiency averages 60% at this address vs 36% district-wide (+24 pts) — the actual schools serving this property are materially stronger than the Artesia Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 166 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 156 units permitted in Eddy County in 2024 (0 in 5+ unit buildings).
• At $3,215/mo this rent would consume 48% of the median local household income ($80k/yr) (locally 159% 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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Eddy County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y 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 $295,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 9.20%
• Cash-on-cash: 10.39%
• DSCR: 1.46
• GRM: 7.6

CMA / ARV

• ARV (median comp): $97,318
• List price: $295,000
• Delta: 203.13%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-2,317
• Equity at exit: $43,985

10-year hold

• IRR: 8.9%
• Equity multiple: 1.68×
• Total profit: $56,321
• Equity at exit: $25,506

Cash invested: $82,600 (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 88210

• Active inventory: 166
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,215 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$154 /mo · $1,849/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$675
• Net cashflow: $715

Break-even live

Break-even rent $2,309

Max offer price $295,000

Occupancy floor 73%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1402 W Briscoe Ave Artesia, NM	3.0	2.0	1564	$1,750	$1.12	44d	1	0.19mi
2106 W Bullock Ave Artesia, NM	3.0	2.0	1320	$1,800	$1.36	44d	1	0.65mi

Listing history 4 events

1. 2026-05-11
   listed $295,000 Active 535-char remark
2. 2023-07-13
   soldstatus Closed 300-char remark

   Show marketing remark (300 chars)

   AWESOME REMODELED HOME! This 3-Bedroom 2 Bath 1713 Sq Ft 1 car garage home sits on 82" X 120" Lot is a MUST SEE. The Large living room Welcomes You, The Amazing Kitchen features NEW cabinets, granite countertops, sink, facet, stove & refrigerator. Family/ Dining room has a fireplace.

3. 2023-06-27
   status Pending 300-char remark

   Show marketing remark (300 chars)

   AWESOME REMODELED HOME! This 3-Bedroom 2 Bath 1713 Sq Ft 1 car garage home sits on 82" X 120" Lot is a MUST SEE. The Large living room Welcomes You, The Amazing Kitchen features NEW cabinets, granite countertops, sink, facet, stove & refrigerator. Family/ Dining room has a fireplace.

4. 2023-01-13
   listed $269,000 Active 300-char remark

   Show marketing remark (300 chars)

   AWESOME REMODELED HOME! This 3-Bedroom 2 Bath 1713 Sq Ft 1 car garage home sits on 82" X 120" Lot is a MUST SEE. The Large living room Welcomes You, The Amazing Kitchen features NEW cabinets, granite countertops, sink, facet, stove & refrigerator. Family/ Dining room has a fireplace.

ⓘ 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: $1,849 · $154/mo
• Projected year-2 tax: $2,360 · $197/mo
• Expected delta: +$511/yr (+$43/mo · 27.6%)

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

Taxation est. · year 1

• Rental income: $38,574
• − Mortgage interest: −$16,525
• − Property taxes: −$1,849
• − Insurance: −$1,475
• − Repairs & maintenance: −$3,086
• − Management: −$3,086
• − Depreciation: −$8,582
• Taxable income: $3,972
• Est. tax owed @ 24.0%: −$953
• After-tax cash flow: $7,632/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 · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates to bring it up to a livable condition. Significant investment is needed to improve its condition and increase its value.

Repairs flagged

• Major Kitchen cabinets — No photos of kitchen
• Major Bathroom fixtures — No photos of bathrooms
• Major Roof — No photos of roof
• Major Exterior siding — No photos of exterior
• Major Flooring — No photos of flooring
• Major Interior walls/paint — No photos of interior walls/paint
• Major Windows — No photos of windows
• Major Foundation/structure — No photos of foundation/structure
• Major HVAC/mechanicals — No photos of HVAC/mechanicals
• Major Landscaping — No photos of landscaping/curb appeal

Value-add opportunities

• Resale New kitchen cabinets and countertops — Modern kitchen design enhances appeal
• Resale New flooring throughout — Fresh flooring improves home's appearance
• Resale New roof and siding — Structural repairs improve home's value
• Resale New windows and doors — Energy-efficient windows and doors reduce utility costs
• Resale Paint interior walls and trim — Fresh paint enhances home's curb appeal
• Resale Landscaping and curb appeal — Well-maintained landscaping improves home's curb appeal
• Rental HVAC system upgrade — Modern HVAC system improves tenant comfort and reduces maintenance costs

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · No photos of kitchen	Major	$15,000–50,000
Bathroom fixtures · No photos of bathrooms	Major	$15,000–50,000
Roof · No photos of roof	Major	$15,000–50,000
Exterior siding · No photos of exterior	Major	$15,000–50,000
Flooring · No photos of flooring	Major	$15,000–50,000
Interior walls/paint · No photos of interior walls/paint	Major	$15,000–50,000
Windows · No photos of windows	Major	$15,000–50,000
Foundation/structure · No photos of foundation/structure	Major	$15,000–50,000
HVAC/mechanicals · No photos of HVAC/mechanicals	Major	$15,000–50,000
Landscaping · No photos of landscaping/curb appeal	Major	$15,000–50,000
Total estimated repair cost · 10 items		$150,000–500,000

Value-add ROI direction

• Resale New kitchen cabinets and countertops — Modern kitchen design enhances appeal ↑
• Resale New flooring throughout — Fresh flooring improves home's appearance ↑
• Resale New roof and siding — Structural repairs improve home's value ↑
• Resale New windows and doors — Energy-efficient windows and doors reduce utility costs ↑
• Resale Paint interior walls and trim — Fresh paint enhances home's curb appeal ↑
• Resale Landscaping and curb appeal — Well-maintained landscaping improves home's curb appeal ↑
• Rental HVAC system upgrade — Modern HVAC system improves tenant comfort and reduces maintenance costs ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Artesia Public Schools
• NCES district ID: 3500120
• Math proficiency: 29% —
• Reading proficiency: 42% —
• Median HH income: $51,397
• Composite: 33.48/100
• National rank: #10522
• State rank: #17 of 95 in NM

Livability — Artesia

• Score: 63/100
• State rank: #75
• US rank: #15300

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Artesia, NM
• County: Eddy County · 58,370 people
• City population: 18,542
• Metro: Carlsbad-Artesia, NM
• Population (ZIP): 18,542
• Household income: $79,632
• Rent vs Own: 28.7% rent · 71.3% own
• Severe rent burden: 159.0

Population outlook (Eddy County) Hauer SSP2

• Today (2025): 65,505 people
• By 2030: 69,797 · +6.6%
• By 2040: 79,191 · +20.9%
• By 2050: 89,199 · +36.2%
• By 2075: 115,829 · +76.8%
• By 2100: 129,336 · +97.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (55%)
• Race & ethnicity: Hispanic / Latino 55% White 40% Two or more races 19% Native American 3%
• Hispanic origin (detail): Mexican 50%
• Common ancestry: Italian 1% Romanian 1% Iranian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 24%

Political lean MEDSL · Eddy

• 2024 margin: Solid R (+55.9) · D 21.4% · R 77.3% · Other 1.3%
• 2008→2024 swing: -30.2pp toward R · 2008: -25.6pp · 2024: -55.9pp
• All cycles: 2024: R+55.9 2020: R+51.8 2016: R+41.6 2012: R+33.5 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -238.85%
• Current HPI: 115.6107
• Rent YoY: —
• Metro: Carlsbad-Artesia, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+9.7% since first listed

5 events — show timeline

• 2026-05-21 Pending — NMMLS
• 2026-05-11 Listed $295,000 NMMLS
• 2023-07-13 Sold (MLS) — NMMLS
• 2023-06-27 Pending — NMMLS
• 2023-01-13 Listed $269,000 NMMLS

Property tax history

+10.1%/yr

Latest (2025): $1,849 · -1.4% YoY. Source: county tax records.