340 Buffalo Cir SE · Albuquerque, NM 87123

$94,500

3 bd · 2.0 ba · 1,120 sqft · Manufactured · 11 Days on market

Built 2006 Good condition 5,000 sqft lot Est $94k · at est. $675/mo HOA · 44% of rent

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Why this score? — see what drove the D 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).

• 1% rule +10.0/10.0
• Cash flow +7.5/30.0
• ARV discount +7.3/15.0
• Schools +5.3/10.0
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.0/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This is a very nice remodeled double wide in a All Ages Mobile Home Community close to I-40, Four Hills Mobile Home park. Lot rent is currently $779 a month, excluding utilities. This home is located on one the of largest lots in the community. Home boasts a large north facing covered 8X20 deck, large 3 car carport, Morgan storage shed, fruit trees, professional landscaped, back yard, mostly fenced and gated for your pets. The park offers 3 Swimming Pools, playgrounds, and community rooms.

Key facts

• 3 car carport
• Morgan storage shed
• Largest lots

Tags

• REMODELED DOUBLE WIDE
• LARGEST LOTS
• NORTH FACING COVERED DECK
• 3 CAR CARPORT
• MORGAN STORAGE SHED
• FRUIT TREES

Property features AI

Finance

• HOA & community: Part of Four Hills Mobile Home Park; Monthly association fee of $675; HOA includes clubhouse, common areas and pool(s)

Exterior

• Parking: Private road access (asphalt)
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: Single-story; Northwest facing; Resale; Double wide mobile home (Chapparal model, 40' x 28')
• Construction: Built by Clayon; Board and batten siding; Shingle roof
• Exterior features: Private entrance; Private yard; Covered patio; Patio; Shed(s), storage and workshop; Back yard fencing and wall; Sprinklers in rear; Landscaped; Corner lot; Planned unit development; Few trees; Community pool

Interior

• Kitchen: Dishwasher; Free-standing gas range; Disposal; Microwave; Refrigerator
• Bedrooms: Primary bedroom on main level
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Refrigerated (central) cooling
• Interior features: Ceiling fan(s); Dual sinks; Main level primary; Tub/shower; Walk-in closet(s); Double pane, insulated metal windows
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $94k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-116 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $78k (17.7% below list).
• Meets the 1% rule at list price ($2k rent vs $94k).
• Recommended offer: $78k (17.7% below list) — sets the bar for cash-flow.
• Cap rate 4.8% 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 soft (-2.1%/yr); 202 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $653 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 44% of rent.

Recommended offer $77,771 (17.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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?
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: 1.62% ✓
• Cap rate: 4.82%
• Cash-on-cash: -5.24%
• DSCR: 0.77
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $94,080
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
625 Fox Ln SE	0.29mi	2/2.0 (-1)	1,066 (-5%)	2mo	$90,000	$84	72
612 Trading Post Trl SE	0.27mi	3/2.0	1,196 (+7%)	7mo	$120,000	$100	70
624 Trading Post Trl SE	0.29mi	3/2.0	1,280 (+14%)	23mo	$84,900	$66	44

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: -32.6%
• Equity multiple: -0.01×
• Total profit: $-26,736
• Equity at exit: $14,090

10-year hold

• IRR: -96.8%
• Equity multiple: -0.83×
• Total profit: $-48,365
• Equity at exit: $8,171

Cash invested: $26,460 (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 87123

• Rents YoY: -2.1%
• Active inventory: 202
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,535 high
• Mortgage (P&I): −$496
• Tax est. 1.5%: −$118 /mo · $1,418/yr
• Insurance: −$39
• HOA: −$675
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $-116

Break-even live

Break-even rent $1,681

Max offer price $77,771

Occupancy floor —

Sensitivity live

Price	-10% $-50	-5% $-83	+0% $-116	+5% $-148	+10% $-181
Rent	-10% $-237	-5% $-176	+0% $-116	+5% $-55	+10% $6
Rate	-1.0pp $-68	-0.5pp $-92	base $-116	+0.5pp $-140	+1.0pp $-165

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: $23,625
• Closing costs: $2,835
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
221 Hanosh Ct SE Albuquerque, NM	2.0	1.0	700	$800	$1.14	44d	1	0.14mi
301 Western Skies Dr SE Albuquerque, NM	1.0–3.0	1.0–2.0	806	$1,511	$1.87	4d	17	0.19mi
309 Whispering Sands Ct SE Unit 3 Albuquerque, NM	2.0	1.0	825	$1,200	$1.45	24d	1	0.34mi
328 Via Vista St SE Albuquerque, NM	3.0	2.0	1460	$2,075	$1.42	4d	1	0.34mi
200 Figueroa St NE Albuquerque, NM	1.0–2.0	1.0	734	$1,207	$1.64	4d	10	0.35mi
12021 Skyline Rd NE Albuquerque, NM	1.0–3.0	1.0–2.0	875	$1,592	$1.82	4d	17	0.36mi
408 Rainbow Ct SE Albuquerque, NM	2.0	1.0	950	$1,200	$1.26	24d	1	0.44mi
405 Dorado Ct SE Albuquerque, NM	2.0	1.0	800	$1,000	$1.25	45d	1	0.44mi
405 Dorado Ct SE Unit D Albuquerque, NM	2.0	1.0	800	$900	$1.12	44d	1	0.44mi
221 Shirley St NE Albuquerque, NM	3.0	1.5	1250	$1,750	$1.40	4d	1	0.45mi
11208 Deer Lodge Pl SE Albuquerque, NM	3.0	2.0	1408	$1,950	$1.38	44d	1	0.50mi
12736 Singing Arrow Ave SE Unit C Albuquerque, NM	2.0	1.0	800	$950	$1.19	24d	1	0.51mi
521 Nathan St SE Albuquerque, NM	3.0	2.0	1060	$1,895	$1.79	20d	1	0.56mi
11104 Vistazo Pl SE Albuquerque, NM	3.0	2.0	1353	$1,950	$1.44	24d	1	0.56mi
915 Tony Sanchez Dr SE Albuquerque, NM	3.0	2.0	1180	$2,295	$1.94	4d	1	0.68mi
12004 Zia Rd NE Albuquerque, NM	2.0–3.0	1.5–2.0	1323	$2,145	$1.62	4d	7	0.70mi
12032 Copper Ave NE Albuquerque, NM	2.0	2.5	1090	$1,900	$1.74	4d	1	0.77mi
12008 Copper Ave NE Unit C Albuquerque, NM	2.0	1.0	827	$1,250	$1.51	4d	1	0.77mi
517 Ida Pl NE Albuquerque, NM	3.0	1.5	1058	$2,000	$1.89	22d	1	0.77mi
13150 Wenonah Ave SE Albuquerque, NM	1.0–2.0	1.0–2.0	789	$1,633	$2.07	4d	16	0.78mi
628 Marquis Ct NE Albuquerque, NM	2.0	2.0	1099	$2,800	$2.55	44d	1	0.84mi
12624 Copper Ave NE Apt 3 Albuquerque, NM	2.0	2.0	900	$995	$1.11	44d	1	0.84mi
701 Stephen Moody St SE Albuquerque, NM	1.0–2.0	1.0–2.0	814	$1,715	$2.11	4d	10	0.98mi
12412 Grand Ave NE Albuquerque, NM	3.0	2.0	1022	$1,850	$1.81	45d	1	1.00mi
187 Vista Point Ct NE Albuquerque, NM	2.0	1.5	1262	$1,975	$1.56	24d	1	1.00mi
12509 Nambe Ave NE Albuquerque, NM	3.0	1.5	1272	$1,800	$1.42	24d	1	1.03mi
13412 Turquoise Ave NE Albuquerque, NM	3.0	2.0	1425	$1,900	$1.33	24d	1	1.04mi
13615 Shaffer Ct SE Albuquerque, NM	3.0	3.0	1341	$2,700	$2.01	4d	1	1.07mi
557 Tramway Blvd NE Albuquerque, NM	1.0–3.0	1.0–2.0	891	$1,405	$1.58	4d	9	1.08mi
187 Monte Largo Dr NE Albuquerque, NM	2.0	1.0	787	$1,050	$1.33	44d	1	1.09mi
187 Monte Largo Dr NE Apt 1 Albuquerque, NM	2.0	1.0	787	$1,050	$1.33	24d	1	1.09mi
10404 Griffith Park Dr NE Albuquerque, NM	3.0	2.0	1287	$2,100	$1.63	4d	1	1.12mi
717 Grace St NE Albuquerque, NM	3.0	1.5	1040	$1,875	$1.80	24d	1	1.21mi
12201 Lomas Blvd NE Albuquerque, NM	1.0–2.0	1.0	800	$1,250	$1.56	44d	6	1.32mi
12301 Lomas Blvd NE Albuquerque, NM	1.0–2.0	1.0	756	$1,325	$1.75	15d	9	1.33mi
12601 Lomas Blvd NE Albuquerque, NM	2.0	1.0	800	$850	$1.06	24d	1	1.33mi
12601 Lomas Blvd NE Albuquerque, NM	1.0–2.0	1.0	750	$850	$1.13	4d	2	1.33mi
12621 Lomas Blvd NE Albuquerque, NM	2.0	1.5	800	$1,250	$1.56	44d	1	1.35mi
12621 Lomas Blvd NE Albuquerque, NM	2.0	1.5	800	$1,115	$1.39	4d	1	1.35mi
14124 Copper Ave NE Albuquerque, NM	1.0–2.0	1.0	770	$1,350	$1.75	24d	11	1.42mi

HOA detail

• Monthly dues: $675 · $8,100/yr
• Likely covers: landscapingpoolsecurity

Listing history 9 events

1. 2026-06-18
   days on market $94,500 Active 11 DOM
2. 2026-06-17
   pricedays on market $94,500 Active 10 DOM
3. 2026-06-16
   days on market $89,900 Active 9 DOM
4. 2026-06-15
   days on market $89,900 Active 8 DOM
5. 2026-06-13
   days on market $89,900 Active 6 DOM
6. 2026-06-10
   days on market $89,900 Active 3 DOM
7. 2026-06-09
   days on market $89,900 Active 2 DOM
8. 2026-06-08
   remarks 495-char remark
9. 2026-06-08
   listed $89,900 Active 1 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 3 d/yr ≥91°F today · 8 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: $18,417
• − Mortgage interest: −$5,293
• − Property taxes: −$1,418
• − Insurance: −$472
• − Repairs & maintenance: −$1,473
• − Management: −$1,473
• − HOA: −$8,100
• − Depreciation: −$2,749
• Taxable loss: −$2,562
• Est. tax savings @ 24.0%: +$615
• After-tax cash flow: $-772/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 · 13 photos

Good 75/100 Cosmetic rehab

This remodeled double-wide manufactured home in a mobile home community is in good condition with minimal repairs needed. Painting and landscaping improvements can significantly enhance its value for both resale and rental.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can significantly improve the curb appeal and interior aesthetics, enhancing both resale and rental value.
• Both Landscaping improvements — Enhancing the landscaping can improve the overall curb appeal and attract more potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can significantly improve the curb appeal and interior aesthetics, enhancing both resale and rental value. ↑
• Both Landscaping improvements — Enhancing the landscaping can improve the overall curb appeal and attract more potential buyers or renters. ↑

ⓘ 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: 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): 42,252
• Household income: $64,359
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 1657.0

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: 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%

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

Price history

1 event — show timeline

• 2026-06-07 Listed $89,900 Southwest MLS