7124 Springfield Dr NE · Albuquerque, NM 87109

$99,000

3 bd · 2.0 ba · — sqft · Manufactured · 8 Days on market

Built 2001 Average condition

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.6/5.0
• Condition / age +2.8/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your ideal low-maintenance retirement retreat in a desirable 55+ community! This spacious and impeccably maintained 3-bedroom, 2-bath manufactured home offers comfortable living with plenty of room to relax and entertain. The kitchen features a center island, ample cabinetry, stainless appliances and a breakfast nook, perfect for those morning coffees. North Hills MHP offers many amenities such as a pool, tennis courts, and a vibrant clubhouse for social gatherings, events, and hobbies. This prime location puts you just minutes from convenient shopping, diverse dining options, and easy access to I-25 for quick trips to nearby attractions or cities. Schedule your showing today!

Key facts

• Covered decks
• Carport with parking
• Double pane windows

Tags

• CORNER LOT
• FENCED AREA FOR DOG
• COVERED DECKS
• CARPORT WITH PARKING
• DOUBLE PANE WINDOWS
• ENERGY EFFICIENCY

Property features AI

Exterior

• Home design: Built in 2001
• Exterior features: Located in the North Hills subdivision

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $99k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Cap rate 19.6% 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 (-1.0%/yr); 158 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).
• At $2,261/mo this rent would consume 46% of the median local household income ($59k/yr) (locally 2187% 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 $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $99,000

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: 2.28% ✓
• Cap rate: 19.65%
• Cash-on-cash: 47.70%
• DSCR: 3.12
• GRM: 3.6

CMA / ARV

• ARV (median comp): $210,000
• List price: $99,000
• Delta: -54.76%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7105 Springfield Dr NE	0.05mi	3/2.0	1,614	2mo	$99,000	$61	84
7141 Gatling Dr NE	0.07mi	3/2.0	1,400	2mo	$99,000	$71	83
7225 Remington Dr NE	0.07mi	3/2.0	1,236	3mo	$89,000	$72	81
7813 Spencer Rd NE	0.09mi	3/2.0	1,413	7mo	$90,000	$64	78
6840 San Francisco Rd NE	0.32mi	3/2.0	1,457	8mo	$250,000	$172	66
6609 San Francisco Rd NE	0.49mi	3/2.0	1,500	3mo	$265,000	$177	62
6831 Jade Park Ave NE	0.42mi	3/1.5	1,417	6mo	$210,000	$148	61
7109 Springfield Dr NE	0.04mi	2/2.0 (-1)	987	23mo	$69,800	$71	61
6516 Pino Ave NE	0.53mi	3/2.0	1,237	4mo	$219,900	$178	59
6625 Ranchitos Rd NE	0.45mi	4/3.0 (+1)	1,880	5mo	$175,000	$93	53
6617 Jade Park Ave NE	0.55mi	4/2.0 (+1)	1,920	9mo	$285,000	$148	50
6835 Jade Park Ave NE	0.40mi	2/2.0 (-1)	1,230	21mo	$229,900	$187	46

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: 41.7%
• Equity multiple: 2.72×
• Total profit: $47,546
• Equity at exit: $14,761

10-year hold

• IRR: 46.5%
• Equity multiple: 4.83×
• Total profit: $106,303
• Equity at exit: $8,560

Cash invested: $27,720 (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 87109

• Rents YoY: -1.0%
• Active inventory: 158
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,261 high
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $1,102

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,170	-5% $1,136	+0% $1,102	+5% $1,068	+10% $1,033
Rent	-10% $923	-5% $1,013	+0% $1,102	+5% $1,191	+10% $1,280
Rate	-1.0pp $1,152	-0.5pp $1,127	base $1,102	+0.5pp $1,076	+1.0pp $1,050

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8015 Argyle Ave NE Albuquerque, NM	3.0	2.5	1679	$2,300	$1.37	4d	1	0.48mi
6955 Carmelito Loop NE Albuquerque, NM	3.0	2.5	2250	$2,400	$1.07	25d	1	0.51mi
7100 Louisiana Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	763	$1,790	$2.35	4d	15	0.61mi
8129 Shannon St NE Albuquerque, NM	3.0	2.0	1500	$2,100	$1.40	4d	1	0.70mi
8319 Santa Clarita St NE Albuquerque, NM	3.0	2.0	1728	$2,500	$1.45	22d	1	0.71mi
6501 San Antonio Dr NE Albuquerque, NM	2.0	2.0–2.5	1075	$1,875	$1.74	16d	2	0.73mi
8300 Wyoming Blvd NE Albuquerque, NM	1.0–3.0	1.0–2.0	1095	$2,200	$2.01	3d	18	0.76mi
6401 Santa Monica Ave NE Albuquerque, NM	1.0–2.0	1.0–2.0	1068	$2,151	$2.01	4d	26	0.78mi
7000 Louisiana Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	840	$1,709	$2.03	4d	25	0.80mi
8601 Coppell Ct NE Albuquerque, NM	3.0	2.0	1536	$2,300	$1.50	25d	1	0.85mi
8750 Sevano Cir NE Albuquerque, NM	3.0	3.0	1757	$2,950	$1.68	45d	1	0.96mi
7405 Mayflower Rd NE Albuquerque, NM	4.0	2.0	1400	$2,200	$1.57	45d	1	1.00mi
6925 Alameda Blvd NE Albuquerque, NM	2.0	1.0–2.0	942	$2,244	$2.38	3d	19	1.09mi
8100 Barstow St NE Albuquerque, NM	1.0–3.0	1.0–2.0	1097	$2,294	$2.09	4d	26	1.09mi
6301 Alameda Blvd NE Albuquerque, NM	3.0	1.0–2.5	903	$2,399	$2.66	3d	23	1.12mi
8915 Lochside Ln NE Albuquerque, NM	4.0	3.5	3000	$2,995	$1.00	22d	1	1.21mi
8712 Plymouth Rock Rd NE Albuquerque, NM	3.0	2.0	1350	$2,409	$1.78	45d	1	1.22mi
8615 Brighton Dr NE Albuquerque, NM	3.0	2.0	2439	$2,600	$1.07	16d	1	1.24mi
7800 Headline Blvd NE Albuquerque, NM	2.0	1.0–2.0	961	$2,343	$2.44	4d	16	1.27mi
9005 Walter Bambrook Pl NE Albuquerque, NM	3.0	3.0	2784	$2,775	$1.00	45d	1	1.29mi
6700 Modesto Ave NE Albuquerque, NM	2.0	1.0–2.0	832	$2,422	$2.91	3d	14	1.29mi
9037 Walter Bambrook Pl NE Albuquerque, NM	4.0	3.0	2748	$2,875	$1.05	4d	1	1.37mi
8901 Holly Ave NE Albuquerque, NM	1.0–2.0	1.0–2.0	822	$2,208	$2.68	3d	8	1.40mi
7205 Esther Ave NE Albuquerque, NM	2.0	2.0	1751	$4,800	$2.74	45d	1	1.41mi
8908 Henriette Wyeth Dr NE Albuquerque, NM	3.0	2.5	2161	$2,400	$1.11	4d	1	1.43mi
7300 Appomattox Pl NE Albuquerque, NM	3.0	2.0	1768	$2,850	$1.61	45d	1	1.47mi

Listing history 16 events

1. 2026-06-22
   days on market $99,000 Active 8 DOM
2. 2026-06-18
   days on market $99,000 Active 5 DOM
3. 2026-06-17
   days on market $99,000 Active 4 DOM
4. 2026-06-16
   days on market $99,000 Active 3 DOM
5. 2026-06-15
   pricedays on marketlisting id $99,000 Active 2 DOM
6. 2026-06-10
   days on market $95,000 Active 129 DOM
7. 2026-06-09
   days on market $95,000 Active 128 DOM
8. 2026-06-08
   days on market $95,000 Active 127 DOM
9. 2026-06-07
   days on market $95,000 Active 126 DOM
10. 2026-06-05
    days on market $95,000 Active 123 DOM
11. 2026-06-03
    days on market $95,000 Active 122 DOM
12. 2026-06-02
    days on market $95,000 Active 121 DOM
13. 2026-06-01
    days on market $95,000 Active 120 DOM
14. 2026-05-31
    days on market $95,000 Active 119 DOM
15. 2026-05-08
    price $95,000 696-char remark
16. 2026-01-09
    listed $100,000 Active 696-char remark

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 4 d/yr ≥95°F today · 11 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,130
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$2,170
• − Management: −$2,170
• − Depreciation: −$2,880
• Taxable income: $12,384
• Est. tax owed @ 24.0%: −$2,972
• After-tax cash flow: $10,251/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

Average 55/100 Cosmetic rehab

This 3-bedroom, 2-bath manufactured home in a low-maintenance retirement community requires cosmetic repairs and maintenance to enhance its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Light wear and tear
• Minor Bathroom tiles — Light wear and tear
• Minor Exterior paint — Light wear and tear
• Minor Interior paint — Light wear and tear
• Minor Windows — Light wear and tear

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace worn flooring — Improves comfort and value
• Both Service HVAC — Ensures comfort and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Light wear and tear	Minor	$500–3,000
Bathroom tiles · Light wear and tear	Minor	$500–3,000
Exterior paint · Light wear and tear	Minor	$500–3,000
Interior paint · Light wear and tear	Minor	$500–3,000
Windows · Light wear and tear	Minor	$500–3,000
Total estimated repair cost · 5 items		$2,500–15,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace worn flooring — Improves comfort and value ↑
• Both Service HVAC — Ensures comfort and energy efficiency ↑

ⓘ 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): 39,324
• Household income: $58,900
• Rent vs Own: 46.6% rent · 53.4% own
• Severe rent burden: 2187.0

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 47% Hispanic / Latino 36% Two or more races 17% Native American 9% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Lithuanian 2% Slovak 2% Portuguese 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 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: ▼ -303.11%
• Current HPI: 250.5034
• Rent YoY: ▼ -0.97%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+4.2% since first listed

2 events — show timeline

• 2026-06-14 Listed $99,000 FSBO.com
• 2026-05-08 Price Changed $95,000 Southwest MLS