20 Camino De La Bajada · La Bajada, NM 87507

$110,000

2 bd · 1.0 ba · 599 sqft · SingleFamily public records · 58 Days on market

Built 1960 0.71 ac lot ↓ 17% 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 +9.3/10.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

Key facts

• Utilities in place
• Investment property
• Dome-style home

Tags

• DOME-STYLE HOME
• OWN WELL
• OWN SEWER
• UTILITIES IN PLACE
• INVESTMENT PROPERTY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $596 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Santa Fe Public Schools (urban): math 34% / reading 70% proficiency, ranked #6 of 29 in NM (top 21%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 266 active listings in the ZIP; 244 units permitted in Santa Fe County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.4% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $40k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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: 1.43% ✓
• Cap rate: 12.80%
• Cash-on-cash: 23.22%
• DSCR: 2.03
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.43% rent growth · sell at horizon

5-year hold

• IRR: 13.5%
• Equity multiple: 1.52×
• Total profit: $16,133
• Equity at exit: $16,401

10-year hold

• IRR: 20.5%
• Equity multiple: 2.54×
• Total profit: $47,315
• Equity at exit: $9,511

Cash invested: $30,800 (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 87507

• Rents YoY: 0.4%
• Active inventory: 266
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,570 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$21 /mo · $254/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $596

Break-even live

Break-even rent $815

Max offer price $110,000

Occupancy floor 57%

Sensitivity live

Price	-10% $658	-5% $627	+0% $596	+5% $565	+10% $534
Rent	-10% $472	-5% $534	+0% $596	+5% $658	+10% $720
Rate	-1.0pp $651	-0.5pp $624	base $596	+0.5pp $568	+1.0pp $539

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-22
   statusdays on market $110,000 Pending 58 DOM
2. 2026-06-19
   days on market $110,000 Active 57 DOM
3. 2026-06-18
   days on market $110,000 Active 56 DOM
4. 2026-06-17
   days on market $110,000 Active 55 DOM
5. 2026-06-16
   days on market $110,000 Active 54 DOM
6. 2026-06-15
   days on market $110,000 Active 53 DOM
7. 2026-06-14
   days on market $110,000 Active 51 DOM
8. 2026-06-13
   days on market $110,000 Active 50 DOM
9. 2026-06-10
   days on market $110,000 Active 48 DOM
10. 2026-06-09
    days on market $110,000 Active 47 DOM
11. 2026-06-08
    days on market $110,000 Active 46 DOM
12. 2026-06-07
    days on market $110,000 Active 45 DOM
13. 2026-06-03
    days on market $110,000 Active 41 DOM
14. 2026-06-02
    days on market $110,000 Active 40 DOM
15. 2026-06-01
    days on market $110,000 Active 39 DOM
16. 2026-05-31
    days on market $110,000 Active 38 DOM
17. 2026-05-30
    days on market $110,000 Active 37 DOM
18. 2026-05-08
    price $125,000 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

19. 2026-05-08
    price $125,000 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

20. 2026-05-05
    status Active 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

21. 2026-05-05
    status Active 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

22. 2026-04-06
    historical 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

23. 2026-04-06
    historical Hold 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

24. 2026-03-23
    listed $150,000 Active 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

25. 2026-03-10
    listed $150,000 Active 344-char remark

    Show marketing remark (344 chars)

    Unique dome-style home offering a one-of-a-kind living experience! This 1-bedroom, 1-bath property features its own well and sewer, with all utilities already in place--providing added convenience and functionality. Perfect opportunity for a buyer looking for something distinctive, a creative retreat, or an investment property with character.

ⓘ 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: $254 · $21/mo
• Projected year-2 tax: $880 · $73/mo
• Expected delta: +$626/yr (+$52/mo · 246.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 6 d/yr ≥93°F today · 15 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: $18,834
• − Mortgage interest: −$6,162
• − Property taxes: −$254
• − Insurance: −$550
• − Repairs & maintenance: −$1,507
• − Management: −$1,507
• − Depreciation: −$3,200
• Taxable income: $5,655
• Est. tax owed @ 24.0%: −$1,357
• After-tax cash flow: $5,795/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: Santa Fe Public Schools
• NCES district ID: 3502370
• Math proficiency: 34% ▲ 16.00%
• Reading proficiency: 70% ▲ 40.00%
• Median HH income: $55,031
• Composite: 44.78/100
• National rank: #2744
• State rank: #6 of 29 in NM

Livability — La Bajada

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: La Bajada, NM
• County: Santa Fe County · 118,003 people
• Metro: Santa Fe, NM
• Population (ZIP): 51,386
• Household income: $70,398
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 2054.0

Population outlook (Santa Fe County) Hauer SSP2

• Today (2025): 156,674 people
• By 2030: 159,422 · +1.8%
• By 2040: 160,891 · +2.7%
• By 2050: 159,966 · +2.1%
• By 2075: 161,318 · +3.0%
• By 2100: 157,302 · +0.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (68%)
• Race & ethnicity: Hispanic / Latino 68% Two or more races 28% White 25% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 20% · Canada, China
• Languages at home: 56% English-only · Spanish 41% Russian/Polish/Slavic 1%

Political lean MEDSL · Santa Fe

• 2024 margin: Solid D (+48.9) · D 73.3% · R 24.4% · Other 2.2%
• 2008→2024 swing: -6.1pp toward R · 2008: 55.0pp · 2024: 48.9pp
• All cycles: 2024: D+48.9 2020: D+53.8 2016: D+51.0 2012: D+51.0 2008: D+55.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -272.71%
• Current HPI: 248.2978
• Rent YoY: ▲ 0.43%
• Metro: Santa Fe, NM
• State GDP YoY: —
• F500 in state: 0

Price history

-16.7% since first listed

8 events — show timeline

• 2026-05-08 Price Changed $125,000 Santa Fe MLS
• 2026-05-08 Price Changed $125,000 Southwest MLS
• 2026-05-05 Relisted — Santa Fe MLS
• 2026-05-05 Relisted — Southwest MLS
• 2026-04-06 Delisted — Southwest MLS
• 2026-04-06 Delisted — Santa Fe MLS
• 2026-03-23 Listed $150,000 Santa Fe MLS
• 2026-03-10 Listed $150,000 Southwest MLS

Property tax history

-6.9%/yr

Latest (2025): $254 · +2.1% YoY. Source: county tax records.