4301 Blake Rd SW Trlr 40 · Albuquerque, NM 87121

$50,000

2 bd · 2.0 ba · 900 sqft · Manufactured · 69 Days on market

Built 1977 Good condition $56/sqft · 78% below area

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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
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-bedroom, 2-bath mobile home is located in Hacienda del Sol Mobile Home Park. It offers comfortable living space with a functional layout. Perfect for those looking for an affordable and convenient home in a friendly community. Close to local amenities and easy to show. Great opportunity to own in a welcoming park. Schedule your showing today! Investors welcome! Obtainable Loan through 21st Century Mortgage. Must apply to Hacienda Del Sol for lot lease. Call broker with questions.

Key facts

• Built 1977
• Listed 68 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $850 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 26.7% 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 (-1.9%/yr); 259 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $47,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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: 3.03% ✓
• Cap rate: 26.68%
• Cash-on-cash: 72.83%
• DSCR: 4.24
• GRM: 2.8

CMA / ARV

• ARV (median comp): $230,568
• List price: $50,000
• Delta: -78.31%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 69.1%
• Equity multiple: 3.97×
• Total profit: $41,601
• Equity at exit: $7,455

10-year hold

• IRR: 72.3%
• Equity multiple: 7.35×
• Total profit: $88,864
• Equity at exit: $4,323

Cash invested: $14,000 (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 87121

• Home prices YoY: -19.4%
• Rents YoY: -1.9%
• Active inventory: 259
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,513 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $850

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 39%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4301 Riley Rd SW Albuquerque, NM	2.0	2.0	963	$1,400	$1.45	3d	1	0.11mi
2300 Diamond Mesa Trl SW Albuquerque, NM	1.0–4.0	1.0–2.5	1176	$2,004	$1.70	3d	26	0.79mi
3800 Flora Vista Ave SW Apt 1 Albuquerque, NM	1.0	1.0	650	$995	$1.53	43d	1	0.81mi
1327 Ojo Feliz St SW Albuquerque, NM	2.0	1.0	924	$1,695	$1.83	21d	1	1.37mi

Listing history 10 events

1. 2026-10-01
   listed $55,000 Active 491-char remark

   Show marketing remark (491 chars)

   This 2-bedroom, 2-bath mobile home is located in Hacienda del Sol Mobile Home Park. It offers comfortable living space with a functional layout. Perfect for those looking for an affordable and convenient home in a friendly community. Close to local amenities and easy to show. Great opportunity to own in a welcoming park. Schedule your showing today! Investors welcome! Obtainable Loan through 21st Century Mortgage. Must apply to Hacienda Del Sol for lot lease. Call broker with questions.

2. 2026-06-09
   days on market $50,000 Active 69 DOM
3. 2026-06-08
   days on market $50,000 Active 68 DOM
4. 2026-06-07
   days on market $50,000 Active 67 DOM
5. 2026-06-05
   days on market $50,000 Active 64 DOM
6. 2026-06-03
   days on market $50,000 Active 63 DOM
7. 2026-06-02
   days on market $50,000 Active 62 DOM
8. 2026-06-01
   days on market $50,000 Active 61 DOM
9. 2026-05-31
   days on market $50,000 Active 60 DOM
10. 2026-05-18
    price $50,000 491-char remark

    Show marketing remark (491 chars)

    This 2-bedroom, 2-bath mobile home is located in Hacienda del Sol Mobile Home Park. It offers comfortable living space with a functional layout. Perfect for those looking for an affordable and convenient home in a friendly community. Close to local amenities and easy to show. Great opportunity to own in a welcoming park. Schedule your showing today! Investors welcome! Obtainable Loan through 21st Century Mortgage. Must apply to Hacienda Del Sol for lot lease. Call broker with questions.

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,155
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,452
• − Management: −$1,452
• − Depreciation: −$1,455
• Taxable income: $9,995
• Est. tax owed @ 24.0%: −$2,399
• After-tax cash flow: $7,797/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

Good 75/100 Cosmetic rehab

This 2-bedroom, 2-bath mobile home in Hacienda del Sol Mobile Home Park is in good condition with no visible damage. It offers a functional layout and is perfect for those looking for an affordable and convenient home in a friendly community. Investors are welcome to consider this property for purchase.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and increase both resale and rental value.
• Both Landscaping improvements — A well-maintained yard can increase curb appeal and attract more potential buyers or renters.
• Both Updating the interior paint — Fresh paint can make the interior look more modern and appealing to potential buyers or renters.
• Both Upgrading the flooring — Upgrading the flooring can add value and make the home more appealing to potential buyers or renters.
• Both Upgrading the kitchen appliances — Upgrading the kitchen appliances can make the home more appealing to potential buyers or renters.
• Both Upgrading the bathroom fixtures — Upgrading the bathroom fixtures can make the home more appealing to potential buyers or renters.
• Both Upgrading the HVAC system — A more efficient HVAC system can improve comfort and energy efficiency, making the home more appealing to potential buyers or renters.
• Both Upgrading the roof — A more efficient HVAC system can improve comfort and energy efficiency, making the home more appealing to potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and increase both resale and rental value. ↑
• Both Landscaping improvements — A well-maintained yard can increase curb appeal and attract more potential buyers or renters. ↑
• Both Updating the interior paint — Fresh paint can make the interior look more modern and appealing to potential buyers or renters. ↑
• Both Upgrading the flooring — Upgrading the flooring can add value and make the home more appealing to potential buyers or renters. ↑
• Both Upgrading the kitchen appliances — Upgrading the kitchen appliances can make the home more appealing to potential buyers or renters. ↑
• Both Upgrading the bathroom fixtures — Upgrading the bathroom fixtures can make the home more appealing to potential buyers or renters. ↑
• Both Upgrading the HVAC system — A more efficient HVAC system can improve comfort and energy efficiency, making the home more appealing to potential buyers or renters. ↑
• Both Upgrading the roof — A more efficient HVAC system can improve comfort and energy efficiency, making the home more appealing to potential buyers or renters. ↑

ⓘ 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

• County: Bernalillo County · 647,165 people
• City population: 647,165
• Metro: Albuquerque, NM
• Population (ZIP): 75,510
• Household income: $60,796
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 1617.0

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: Predominantly Hispanic (82%)
• Race & ethnicity: Hispanic / Latino 82% Two or more races 32% White 9% Native American 4% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 60%
• Common ancestry: Italian 1% Lithuanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 53% English-only · Spanish 44% Tagalog/Filipino 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: ▼ -62.80%
• Current HPI: 261.8123
• Rent YoY: ▼ -1.86%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+10.0% since first listed

2 events — show timeline

• 2026-10-01 Listed $55,000 Southwest MLS
• 2026-05-18 Price Changed $50,000 Southwest MLS