17 County Rd. 144 · Alcalde, NM 87511

$80,000

2 bd · 1.0 ba · 1,306 sqft · SingleFamily public records · 123 Days on market

Built 1950 0.25 ac lot ↓ 50% 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +5.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

Key facts

• Spacious lot
• Outdoor projects
• Room for expansion

Tags

• DETACHED STORAGE SHED
• SPACIOUS LOT
• ROOM FOR EXPANSION
• OUTDOOR PROJECTS

Property features AI

Exterior

• Utilities: Cable available; Electricity available; Natural gas available; Community/Cooperative water; Septic tank
• Home design: Single-story property; Fixer condition; Resale
• Construction: Metal roof; Builder unknown
• Exterior features: Full fencing; Storage structure on property; County road frontage; East-facing

Interior

• Kitchen: Free-standing gas range; Refrigerator
• Bedrooms: Primary bedroom on the main level
• Flooring: Carpet; Concrete; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Wood stove heating; Evaporative cooling; Window cooling units
• Interior features: Multiple living areas; Main level primary; Single-pane windows

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 50/100 on livability (#280 in NM) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: schools D, crime F, amenities F.
• Market conditions: 8 active listings in the ZIP.

Forward outlook

• In year one you build about $3k of equity ($553 loan paydown + $2k appreciation (3.0% local appreciation)).
• Rio Arriba County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $66k (45%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 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 1950 — 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 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?
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: 1.36% ✓
• Cap rate: 11.45%
• Cash-on-cash: 18.43%
• DSCR: 1.82
• GRM: 6.1

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: 24.8%
• Equity multiple: 2.41×
• Total profit: $31,539
• Equity at exit: $35,971

10-year hold

• IRR: 25.6%
• Equity multiple: 4.64×
• Total profit: $81,570
• Equity at exit: $55,436

Cash invested: $22,400 (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 87511

• Active inventory: 8
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,084 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$60 /mo · $718/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $344

Break-even live

Break-even rent $649

Max offer price $80,000

Occupancy floor 63%

Sensitivity live

Price	-10% $389	-5% $367	+0% $344	+5% $321	+10% $299
Rent	-10% $258	-5% $301	+0% $344	+5% $387	+10% $430
Rate	-1.0pp $384	-0.5pp $364	base $344	+0.5pp $323	+1.0pp $302

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-05-19
   status Pending

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

2. 2026-05-19
   historical Active Under Contract 318-char remark

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

3. 2026-04-20
   price $80,000 318-char remark

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

4. 2026-04-20
   price $80,000

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

5. 2026-04-01
   price $85,000

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

6. 2026-04-01
   price $85,000 318-char remark

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

7. 2026-03-27
   price $90,000

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

8. 2026-03-27
   price $90,000 318-char remark

   Show marketing remark (318 chars)

   This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

9. 2026-03-20
   price $95,000
10. 2026-03-12
    price $95,000 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

11. 2026-03-05
    price $100,000

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

12. 2026-03-05
    price $100,000 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

13. 2026-02-23
    price $120,000 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

14. 2026-02-23
    price $120,000

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

15. 2026-02-13
    price $125,000 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

16. 2026-02-13
    price $125,000

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

17. 2026-01-27
    price $130,000 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

18. 2026-01-27
    price $130,000

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

19. 2026-01-20
    price $139,900 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

20. 2026-01-20
    price $139,900

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

21. 2026-01-03
    price $145,900 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

22. 2025-12-12
    price $149,900 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

23. 2025-12-12
    price $149,900

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

24. 2025-11-24
    listed $145,900 Active
25. 2025-11-21
    listed $160,000 Active 318-char remark

    Show marketing remark (318 chars)

    This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

ⓘ 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: $718 · $60/mo
• Projected year-2 tax: $718 · $60/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,013
• − Mortgage interest: −$4,481
• − Property taxes: −$718
• − Insurance: −$400
• − Repairs & maintenance: −$1,041
• − Management: −$1,041
• − Depreciation: −$2,327
• Taxable income: $3,005
• Est. tax owed @ 24.0%: −$721
• After-tax cash flow: $3,407/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)

No district data.

Livability — Alcalde

• Score: 50/100
• State rank: #280
• US rank: #25568

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alcalde, NM
• Population (ZIP): 2,700

Population outlook (Rio Arriba County) Hauer SSP2

• Today (2025): 36,893 people
• By 2030: 35,060 · -5.0%
• By 2040: 31,035 · -15.9%
• By 2050: 27,056 · -26.7%
• By 2075: 19,056 · -48.3%
• By 2100: 12,332 · -66.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (93%)
• Race & ethnicity: Hispanic / Latino 93% Two or more races 62% White 7%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 3%
• Foreign-born: 9% · Canada
• Languages at home: 41% English-only · Spanish 59%

Political lean MEDSL · Rio Arriba

• 2024 margin: D (+19.4) · D 58.6% · R 39.2% · Other 2.2%
• 2008→2024 swing: -31.4pp toward R · 2008: 50.9pp · 2024: 19.4pp
• All cycles: 2024: D+19.4 2020: D+33.6 2016: D+40.3 2012: D+52.6 2008: D+50.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-50.0% since first listed

25 events — show timeline

• 2026-05-19 Pending — Southwest MLS
• 2026-05-19 Contingent — Santa Fe MLS
• 2026-04-20 Price Changed $80,000 Santa Fe MLS
• 2026-04-20 Price Changed $80,000 Southwest MLS
• 2026-04-01 Price Changed $85,000 Southwest MLS
• 2026-04-01 Price Changed $85,000 Santa Fe MLS
• 2026-03-27 Price Changed $90,000 Southwest MLS
• 2026-03-27 Price Changed $90,000 Santa Fe MLS
• 2026-03-20 Price Changed $95,000 Southwest MLS
• 2026-03-12 Price Changed $95,000 Santa Fe MLS
• 2026-03-05 Price Changed $100,000 Southwest MLS
• 2026-03-05 Price Changed $100,000 Santa Fe MLS
• 2026-02-23 Price Changed $120,000 Santa Fe MLS
• 2026-02-23 Price Changed $120,000 Southwest MLS
• 2026-02-13 Price Changed $125,000 Santa Fe MLS
• 2026-02-13 Price Changed $125,000 Southwest MLS
• 2026-01-27 Price Changed $130,000 Santa Fe MLS
• 2026-01-27 Price Changed $130,000 Southwest MLS
• 2026-01-20 Price Changed $139,900 Santa Fe MLS
• 2026-01-20 Price Changed $139,900 Southwest MLS
• 2026-01-03 Price Changed $145,900 Santa Fe MLS
• 2025-12-12 Price Changed $149,900 Santa Fe MLS
• 2025-12-12 Price Changed $149,900 Southwest MLS
• 2025-11-24 Listed $145,900 Southwest MLS
• 2025-11-21 Listed $160,000 Santa Fe MLS

Property tax history

+4.5%/yr

Latest (2025): $718 · +11.8% YoY. Source: county tax records.