104 Signal Peak Rd · Ruidoso, NM 88345

$240,000

3 bd · 2.0 ba · 1,368 sqft · Other · 226 Days on market

Built 2013 0.62 ac lot ↓ 4% since listing

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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).

• Cash flow +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• Livability +3.3/5.0
• Schools +3.2/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Escape to 104 Signal Peak Rd! This beautiful 2013 manufactured home sits among tall Ponderosa pine trees with amazing mountain views all around. Relax on the large front deck, then step inside to an open living space with a modern kitchen featuring granite counters and sleek black appliances. The breakfast bar is perfect for morning coffee! The home has 3 comfortable bedrooms and 2 full bathrooms. The master bedroom includes its own private bathroom for extra privacy. You'll also find a handy laundry room and office space for working from home. Enjoy the quiet back deck too! Brand new Xi2 foundation system installed in November 2025. All utilities ready - public water, electric, and waste water holding tank system. No flood zone risk or fire affected area. MVD Title work in progress.

Key facts

• Laundry room
• Spacious front deck
• Open living area

Tags

• SPACIOUS FRONT DECK
• OPEN LIVING AREA
• KITCHEN AND BREAKFAST BAR
• DEDICATED DINING SPACE
• LAUNDRY ROOM
• OFFICE NOOK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $240k.

Deal economics

• At list price, monthly cash flow is $43 ($515/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (23.1% below list).
• Recommended offer: $185k (23.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#40 in NM) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: crime F, amenities F, commute F.
• Ruidoso Municipal Schools (town): math 16% / reading 59% proficiency, ranked #14 of 29 in NM (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Sierra Vista Primary (497 students, 100% FRL); Ruidoso Middle (math 13% / reading 52%, grade F, #10 of 27 statewide, top 35%, 394 students, 100% FRL); Ruidoso High (math 44% / reading 74%, grade C+, #27 of 110 statewide, top 28%, 532 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 596 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 92 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lincoln County population projected at -35% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 226 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $184,501 (23.1% below list)

Questions for the listing agent

1. It's been on market 226 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 0.77% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.77%
• DSCR: 1.03
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-36,279
• Equity at exit: $35,785

10-year hold

• IRR: -6.7%
• Equity multiple: 0.57×
• Total profit: $-28,568
• Equity at exit: $20,751

Cash invested: $67,200 (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 88345

• Active inventory: 596
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,845 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$56 /mo · $673/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $43

Break-even live

Break-even rent $1,791

Max offer price $240,000

Occupancy floor 93%

Sensitivity live

Price	-10% $179	-5% $111	+0% $43	+5% $-25	+10% $-93
Rent	-10% $-103	-5% $-30	+0% $43	+5% $116	+10% $189
Rate	-1.0pp $164	-0.5pp $104	base $43	+0.5pp $-19	+1.0pp $-83

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Pippin St Ruidoso, NM	3.0	2.0	1252	$1,900	$1.52	45d	1	0.54mi

Listing history 18 events

1. 2026-06-21
   days on market $240,000 Active 226 DOM
2. 2026-06-19
   days on market $240,000 Active 224 DOM
3. 2026-06-18
   days on market $240,000 Active 223 DOM
4. 2026-06-17
   days on market $240,000 Active 222 DOM
5. 2026-06-16
   days on market $240,000 Active 221 DOM
6. 2026-06-15
   days on market $240,000 Active 220 DOM
7. 2026-06-14
   days on market $240,000 Active 218 DOM
8. 2026-06-12
   days on market $240,000 Active 217 DOM
9. 2026-06-09
   days on market $240,000 Active 214 DOM
10. 2026-06-08
    days on market $240,000 Active 213 DOM
11. 2026-06-07
    days on market $240,000 Active 212 DOM
12. 2026-06-04
    days on market $240,000 Active 208 DOM
13. 2026-06-02
    days on market $240,000 Active 207 DOM
14. 2026-06-01
    days on market $240,000 Active 206 DOM
15. 2026-05-31
    days on market $240,000 Active 205 DOM
16. 2026-05-31
    days on market $240,000 Active 204 DOM
17. 2026-01-28
    price $240,000 794-char remark

    Show marketing remark (794 chars)

    Escape to 104 Signal Peak Rd! This beautiful 2013 manufactured home sits among tall Ponderosa pine trees with amazing mountain views all around. Relax on the large front deck, then step inside to an open living space with a modern kitchen featuring granite counters and sleek black appliances. The breakfast bar is perfect for morning coffee! The home has 3 comfortable bedrooms and 2 full bathrooms. The master bedroom includes its own private bathroom for extra privacy. You'll also find a handy laundry room and office space for working from home. Enjoy the quiet back deck too! Brand new Xi2 foundation system installed in November 2025. All utilities ready - public water, electric, and waste water holding tank system. No flood zone risk or fire affected area. MVD Title work in progress.

18. 2025-11-05
    listed $250,000 Active 794-char remark

    Show marketing remark (794 chars)

    Escape to 104 Signal Peak Rd! This beautiful 2013 manufactured home sits among tall Ponderosa pine trees with amazing mountain views all around. Relax on the large front deck, then step inside to an open living space with a modern kitchen featuring granite counters and sleek black appliances. The breakfast bar is perfect for morning coffee! The home has 3 comfortable bedrooms and 2 full bathrooms. The master bedroom includes its own private bathroom for extra privacy. You'll also find a handy laundry room and office space for working from home. Enjoy the quiet back deck too! Brand new Xi2 foundation system installed in November 2025. All utilities ready - public water, electric, and waste water holding tank system. No flood zone risk or fire affected area. MVD Title work in progress.

ⓘ 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: $673 · $56/mo
• Projected year-2 tax: $1,920 · $160/mo
• Expected delta: +$1,247/yr (+$104/mo · 185.4%)

ⓘ 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 7/10 Severe
• 🌡 Heat 1/10 Low 7 d/yr ≥83°F today · 22 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: $22,140
• − Mortgage interest: −$13,444
• − Property taxes: −$673
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,771
• − Management: −$1,771
• − Depreciation: −$6,982
• Taxable loss: −$3,701
• Est. tax savings @ 24.0%: +$888
• After-tax cash flow: $1,403/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: Ruidoso Municipal Schools
• NCES district ID: 3502310
• Math proficiency: 16% ▼ -5.00%
• Reading proficiency: 59% ▲ 20.00%
• Median HH income: $44,094
• Composite: 31.68/100
• National rank: #5925
• State rank: #14 of 29 in NM

Livability — Ruidoso

• Score: 66/100
• State rank: #40
• US rank: #11996

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ruidoso, NM
• County: Lincoln County · 7,835 people
• City population: 7,835
• Metro: Ruidoso, NM
• Population (ZIP): 7,835
• Household income: $53,971
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 156.0

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 16,903 people
• By 2030: 15,556 · -8.0%
• By 2040: 13,064 · -22.7%
• By 2050: 10,991 · -35.0%
• By 2075: 7,619 · -54.9%
• By 2100: 5,966 · -64.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 28% Two or more races 14% Native American 1% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Lithuanian 4% Slovak 3% Danish 2%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 81% English-only · Spanish 17%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+38.5) · D 29.8% · R 68.3% · Other 1.9%
• 2008→2024 swing: -13.0pp toward R · 2008: -25.4pp · 2024: -38.5pp
• All cycles: 2024: R+38.5 2020: R+36.4 2016: R+40.2 2012: R+32.7 2008: R+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -125.17%
• Current HPI: 141.9549
• Rent YoY: —
• Metro: Ruidoso, NM
• State GDP YoY: —
• F500 in state: 0

Price history

-4.0% since first listed

2 events — show timeline

• 2026-01-28 Price Changed $240,000 RLCAR
• 2025-11-05 Listed $250,000 RLCAR

Property tax history

+1.7%/yr

Latest (2025): $673 · +3.4% YoY. Source: county tax records.