2412 W Briscoe Ave · Artesia, NM 88210

$335,000

3 bd · 2.0 ba · 1,636 sqft · SingleFamily · 8 Days on market

Built 2022 7,874 sqft lot

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Why this score? — see what drove the C- 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 +21.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +4.7/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a new build & not wanting to wait for it to be built? This is the home for you! Sellers loss your gain, this home is BRAND NEW!! This floor plan is very open, with plenty of room for entertaining. Three bedrooms 2 full baths with a HUGE walk in pantry. The back yard is an open slate that you can make your own with plumbing close by to tie in a sprinkler system. Call your favorite realtor to look at this home it wont last long.

Key facts

• Open floor plan
• In-ground pool
• 7,874 sq ft lot

Tags

• OPEN FLOOR PLAN
• PRIVATE BACKYARD OASIS
• IN-GROUND POOL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $482 ($6k/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 $325k (3.0% below list).
• Recommended offer: $325k (3.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#75 in NM) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, schools F.
• Artesia Public Schools (town): math 29% / reading 42% proficiency, ranked #17 of 95 in NM (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 166 active listings in the ZIP; 3 comparable units currently listed for rent nearby; solid renter incomes; 156 units permitted in Eddy County in 2024 (0 in 5+ unit buildings).
• At $3,251/mo this rent would consume 49% of the median local household income ($80k/yr) (locally 159% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Eddy County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $325,078 (3.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.97% ✗
• Cap rate: 8.02%
• Cash-on-cash: 6.16%
• DSCR: 1.27
• GRM: 8.6

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: -6.8%
• Equity multiple: 0.75×
• Total profit: $-23,691
• Equity at exit: $49,950

10-year hold

• IRR: 2.7%
• Equity multiple: 1.20×
• Total profit: $18,511
• Equity at exit: $28,965

Cash invested: $93,800 (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 88210

• Active inventory: 166
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $3,251 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$190 /mo · $2,280/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$683
• Net cashflow: $482

Break-even live

Break-even rent $2,641

Max offer price $335,000

Occupancy floor 80%

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2106 W Bullock Ave Artesia, NM	3.0	2.0	1320	$1,800	$1.36	44d	1	0.22mi
1402 W Briscoe Ave Artesia, NM	3.0	2.0	1564	$1,750	$1.12	44d	1	0.77mi
3513 W Smith Ave heuristic Artesia, NM	3.0	2.0	1320	$2,500	$1.89	25d	1	0.98mi

Listing history 7 events

1. 2026-03-21
   status Pending
2. 2026-03-12
   listed $335,000 Active
3. 2022-02-07
   soldstatus 448-char remark

   Show marketing remark (448 chars)

   Looking for a new build & not wanting to wait for it to be built? This is the home for you! Sellers loss your gain, this home is BRAND NEW!! This floor plan is very open, with plenty of room for entertaining. Three bedrooms 2 full baths with a HUGE walk in pantry. The back yard is an open slate that you can make your own with plumbing close by to tie in a sprinkler system. Call your favorite realtor to look at this home it wont last long.

4. 2022-02-07
   soldstatus

   Show marketing remark (448 chars)

   Looking for a new build & not wanting to wait for it to be built? This is the home for you! Sellers loss your gain, this home is BRAND NEW!! This floor plan is very open, with plenty of room for entertaining. Three bedrooms 2 full baths with a HUGE walk in pantry. The back yard is an open slate that you can make your own with plumbing close by to tie in a sprinkler system. Call your favorite realtor to look at this home it wont last long.

5. 2022-01-13
   listed $265,000 448-char remark

   Show marketing remark (448 chars)

   Looking for a new build & not wanting to wait for it to be built? This is the home for you! Sellers loss your gain, this home is BRAND NEW!! This floor plan is very open, with plenty of room for entertaining. Three bedrooms 2 full baths with a HUGE walk in pantry. The back yard is an open slate that you can make your own with plumbing close by to tie in a sprinkler system. Call your favorite realtor to look at this home it wont last long.

6. 2021-09-15
   soldstatus 270-char remark

   Show marketing remark (270 chars)

   Enjoy the bright open feel of the Hudson with seamless flow from Great Room to Dining and Kitchen. With a luxurious Owner’s Suite and tucked away secondary bedrooms, this home is perfect for the whole family. Call your favorite realtor to view this new floor plan.

7. 2021-05-18
   listed $257,015 270-char remark

   Show marketing remark (270 chars)

   Enjoy the bright open feel of the Hudson with seamless flow from Great Room to Dining and Kitchen. With a luxurious Owner’s Suite and tucked away secondary bedrooms, this home is perfect for the whole family. Call your favorite realtor to view this new floor plan.

ⓘ 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: $2,280 · $190/mo
• Projected year-2 tax: $2,680 · $223/mo
• Expected delta: +$400/yr (+$33/mo · 17.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $39,009
• − Mortgage interest: −$18,765
• − Property taxes: −$2,280
• − Insurance: −$1,675
• − Repairs & maintenance: −$3,121
• − Management: −$3,121
• − Depreciation: −$9,745
• Taxable income: $303
• Est. tax owed @ 24.0%: −$73
• After-tax cash flow: $5,709/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: Artesia Public Schools
• NCES district ID: 3500120
• Math proficiency: 29% —
• Reading proficiency: 42% —
• Median HH income: $51,397
• Composite: 33.48/100
• National rank: #10522
• State rank: #17 of 95 in NM

Livability — Artesia

• Score: 63/100
• State rank: #75
• US rank: #15300

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Artesia, NM
• County: Eddy County · 58,370 people
• City population: 18,542
• Metro: Carlsbad-Artesia, NM
• Population (ZIP): 18,542
• Household income: $79,632
• Rent vs Own: 28.7% rent · 71.3% own
• Severe rent burden: 159.0

Population outlook (Eddy County) Hauer SSP2

• Today (2025): 65,505 people
• By 2030: 69,797 · +6.6%
• By 2040: 79,191 · +20.9%
• By 2050: 89,199 · +36.2%
• By 2075: 115,829 · +76.8%
• By 2100: 129,336 · +97.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (55%)
• Race & ethnicity: Hispanic / Latino 55% White 40% Two or more races 19% Native American 3%
• Hispanic origin (detail): Mexican 50%
• Common ancestry: Italian 1% Romanian 1% Iranian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 24%

Political lean MEDSL · Eddy

• 2024 margin: Solid R (+55.9) · D 21.4% · R 77.3% · Other 1.3%
• 2008→2024 swing: -30.2pp toward R · 2008: -25.6pp · 2024: -55.9pp
• All cycles: 2024: R+55.9 2020: R+51.8 2016: R+41.6 2012: R+33.5 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -238.85%
• Current HPI: 115.6107
• Rent YoY: —
• Metro: Carlsbad-Artesia, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+30.3% since first listed

7 events — show timeline

• 2026-03-21 Pending — NMMLS
• 2026-03-12 Listed $335,000 NMMLS
• 2022-02-07 Sold (Public Records) — Public Records
• 2022-02-07 Sold (MLS) — NMMLS
• 2022-01-13 Listed $265,000 NMMLS
• 2021-09-15 Sold (MLS) — NMMLS
• 2021-05-18 Listed $257,015 NMMLS

Property tax history

+117.2%/yr

Latest (2025): $2,280 · -1.3% YoY. Source: county tax records.