79 Gail Harris St · Roswell, NM 88203

$110,000

3 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 182 Days on market

Built 1950

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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 +8.4/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful Investment Opportunity with Room to Grow Don’t miss this fantastic opportunity to own a charming 3-bedroom, 1-bathroom home situated on a decent-sized lot with plenty of potential. Whether you’re an investor looking to add to your portfolio or a buyer seeking a home you can make your own, this property offers exceptional value. The home features a functional layout with three comfortable bedrooms and a full bathroom, providing flexibility for rental income or future resale. Outside, the spacious lot allows for outdoor enjoyment, expansion possibilities, or creative landscaping ideas. A storage shed adds extra convenience, perfect for tools, equipment, or additional storage needs. With strong investment appeal and opportunity for improvement, this property is ideal for those looking to maximize returns while owning a solid, well-positioned home. Schedule a showing today and explore the possibilities this property has to offer!

Key facts

• Spacious lot
• Storage shed
• Decent sized lot

Tags

• DECENT SIZED LOT
• FUNCTIONAL LAYOUT
• SPACIOUS LOT
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#8 in NM, #4,339 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D, schools F, crime F.
• Roswell Independent Schools (town): math 11% / reading 52% proficiency, ranked #16 of 29 in NM (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 177 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 88 units permitted in Chaves County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% of the median local income ($42k/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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% 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 182 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 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 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?
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: 1.34% ✓
• Cap rate: 11.88%
• Cash-on-cash: 19.94%
• DSCR: 1.89
• GRM: 6.2

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: 12.0%
• Equity multiple: 1.48×
• Total profit: $14,725
• Equity at exit: $16,401

10-year hold

• IRR: 21.0%
• Equity multiple: 2.77×
• Total profit: $54,607
• 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 88203

• Home prices YoY: -34.1%
• Active inventory: 177
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,469 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$26 /mo · $313/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $512

Break-even live

Break-even rent $821

Max offer price $110,000

Occupancy floor 60%

Sensitivity live

Price	-10% $574	-5% $543	+0% $512	+5% $481	+10% $450
Rent	-10% $396	-5% $454	+0% $512	+5% $570	+10% $628
Rate	-1.0pp $567	-0.5pp $540	base $512	+0.5pp $483	+1.0pp $454

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: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23 W Eyman St Roswell, NM	4.0	2.0	1450	$1,500	$1.03	44d	1	0.41mi

Listing history 18 events

1. 2026-06-19
   days on market $110,000 Active 182 DOM
2. 2026-06-18
   days on market $110,000 Active 181 DOM
3. 2026-06-17
   days on market $110,000 Active 180 DOM
4. 2026-06-16
   days on market $110,000 Active 179 DOM
5. 2026-06-15
   days on market $110,000 Active 178 DOM
6. 2026-06-14
   days on market $110,000 Active 176 DOM
7. 2026-06-12
   days on market $110,000 Active 175 DOM
8. 2026-06-09
   days on market $110,000 Active 172 DOM
9. 2026-06-08
   days on market $110,000 Active 171 DOM
10. 2026-06-07
    days on market $110,000 Active 170 DOM
11. 2026-06-05
    days on market $110,000 Active 167 DOM
12. 2026-06-03
    days on market $110,000 Active 166 DOM
13. 2026-06-02
    days on market $110,000 Active 165 DOM
14. 2026-06-01
    days on market $110,000 Active 164 DOM
15. 2026-05-31
    days on market $110,000 Active 163 DOM
16. 2026-05-30
    days on market $110,000 Active 162 DOM
17. 2025-12-19
    listed $110,000 Active 962-char remark

    Show marketing remark (962 chars)

    Wonderful Investment Opportunity with Room to Grow Don’t miss this fantastic opportunity to own a charming 3-bedroom, 1-bathroom home situated on a decent-sized lot with plenty of potential. Whether you’re an investor looking to add to your portfolio or a buyer seeking a home you can make your own, this property offers exceptional value. The home features a functional layout with three comfortable bedrooms and a full bathroom, providing flexibility for rental income or future resale. Outside, the spacious lot allows for outdoor enjoyment, expansion possibilities, or creative landscaping ideas. A storage shed adds extra convenience, perfect for tools, equipment, or additional storage needs. With strong investment appeal and opportunity for improvement, this property is ideal for those looking to maximize returns while owning a solid, well-positioned home. Schedule a showing today and explore the possibilities this property has to offer!

18. 2003-12-23
    soldstatus

ⓘ 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: $313 · $26/mo
• Projected year-2 tax: $880 · $73/mo
• Expected delta: +$567/yr (+$47/mo · 180.8%)

ⓘ 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 6/10 Major
• 🌡 Heat 5/10 Major 6 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,629
• − Mortgage interest: −$6,162
• − Property taxes: −$313
• − Insurance: −$550
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$3,200
• Taxable income: $4,583
• Est. tax owed @ 24.0%: −$1,100
• After-tax cash flow: $5,041/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: Roswell Independent Schools
• NCES district ID: 3502250
• Math proficiency: 11% ▼ -9.00%
• Reading proficiency: 52% ▲ 23.00%
• Median HH income: $38,848
• Composite: 26.21/100
• National rank: #7262
• State rank: #16 of 29 in NM

Livability — Roswell

• Score: 75/100
• State rank: #8
• US rank: #4339

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roswell, NM
• County: Chaves County · 56,277 people
• City population: 56,277
• Metro: Roswell, NM
• Population (ZIP): 28,753
• Household income: $42,207
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 995.0

Population outlook (Chaves County) Hauer SSP2

• Today (2025): 66,122 people
• By 2030: 66,351 · +0.3%
• By 2040: 66,818 · +1.1%
• By 2050: 66,928 · +1.2%
• By 2075: 65,474 · -1.0%
• By 2100: 58,943 · -10.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (65%)
• Race & ethnicity: Hispanic / Latino 65% White 31% Two or more races 22% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 58%
• Common ancestry: Slovak 1% Serbian 1% Lithuanian 1%
• Foreign-born: 12% · Canada
• Languages at home: 62% English-only · Spanish 38%

Political lean MEDSL · Chaves

• 2024 margin: Solid R (+44.8) · D 26.8% · R 71.6% · Other 1.6%
• 2008→2024 swing: -20.2pp toward R · 2008: -24.7pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+41.3 2016: R+36.4 2012: R+32.4 2008: R+24.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.30%
• Current HPI: 151.1401
• Rent YoY: —
• Metro: Roswell, NM
• State GDP YoY: —
• F500 in state: 0

Price history

2 events — show timeline

• 2025-12-19 Listed $110,000 NMMLS
• 2003-12-23 Sold (Public Records) — Public Records

Property tax history

+2.0%/yr

Latest (2025): $313 · -0.9% YoY. Source: county tax records.