7401 San Pedro Dr NE Trlr 166 · Albuquerque, NM 87109

$87,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured · 62 Days on market

Built 2016 Good condition $76/sqft · 49% below area Est $170k · 49% under ↓ 4% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.3/10.0
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautiful home features an open floorplan in a nicely located neighborhood. The home features separate primary and secondary bedrooms with a modern touch. The newer appliances are included: washer, dryer, refrigerator, stove, dishwasher, and microwave. The community features a playground, community pool, clubhouse, and basketball court. The location is ideal with many shopping and dining options within a few minutes. You don't want to miss this turn key home. Lot rent is $626/month. Seller is motivated to sell.

Key facts

• Built 2016
• Listed 62 days

🏷️ Possibly a rental listed for sale. The $87,000 price doesn't fit this home's estimated sale value (~$170,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $87k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $949 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $87k).
• Recommended offer: $82k (6.0% below list) — sets the bar for market timing.
• Cap rate 19.4% vs local median 3.6% 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: 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.
• Zoned schools: Edmund G Ross Elementary (405 students, 100% FRL); Mckinley Middle (486 students, 100% FRL); Del Norte High (1,070 students, 100% FRL) — zoned schools average 100% FRL vs 60% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-1.0%/yr); 158 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 1,316 units permitted in Bernalillo County in 2024 (546 in 5+ unit buildings).
• This rent runs 40% of the median local income ($59k/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 $601 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $24k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($82k) is reasonable based on typical stale-listing flexibility.

Recommended offer $81,780 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.26% ✓
• Cap rate: 19.38%
• Cash-on-cash: 46.73%
• DSCR: 3.08
• GRM: 3.7

CMA / ARV

• ARV (median comp): $170,000
• List price: $87,000
• Delta: -48.82%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7112 Pan American East NE Unit 345	0.13mi	3/2.0	1,060 (-8%)	2mo	$130,000	$123	79
6516 Pino Ave NE	0.44mi	3/2.0	1,237 (+7%)	4mo	$219,900	$178	64
7112 Pan American NE #230	0.13mi	2/3.0 (-1)	980 (-15%)	3mo	$15,000	$15	58
6835 Jade Park Ave NE	0.61mi	2/2.0 (-1)	1,230 (+7%)	21mo	$229,900	$187	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 40.6%
• Equity multiple: 2.67×
• Total profit: $40,607
• Equity at exit: $12,972

10-year hold

• IRR: 45.4%
• Equity multiple: 4.74×
• Total profit: $91,065
• Equity at exit: $7,522

Cash invested: $24,360 (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 87109

• Rents YoY: -1.0%
• Active inventory: 158
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,962 high
• Mortgage (P&I): −$456
• Tax est. 1.5%: −$109 /mo · $1,305/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $949

Break-even live

Break-even rent $761

Max offer price $87,000

Occupancy floor 47%

Sensitivity live

Price	-10% $1,009	-5% $979	+0% $949	+5% $919	+10% $889
Rent	-10% $794	-5% $871	+0% $949	+5% $1,026	+10% $1,104
Rate	-1.0pp $993	-0.5pp $971	base $949	+0.5pp $926	+1.0pp $903

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: $21,750
• Closing costs: $2,610
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6401 Santa Monica Ave NE Albuquerque, NM	1.0–2.0	1.0–2.0	1068	$2,151	$2.01	4d	26	0.31mi
6501 San Antonio Dr NE Albuquerque, NM	2.0	2.0–2.5	1075	$1,875	$1.74	16d	2	0.53mi
7800 Headline Blvd NE Albuquerque, NM	2.0	1.0–2.0	961	$2,343	$2.44	4d	16	0.73mi
7501 Jefferson St NE Albuquerque, NM	2.0	1.0–2.0	887	$2,291	$2.58	4d	38	0.74mi
7100 Louisiana Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	763	$1,790	$2.35	4d	15	0.76mi
7000 Louisiana Blvd NE Albuquerque, NM	1.0–2.0	1.0–2.0	840	$1,709	$2.03	4d	25	0.78mi
6401 Academy Rd NE Albuquerque, NM	3.0	1.0–2.0	808	$1,840	$2.28	4d	16	1.09mi
5741 Osuna Rd NE Albuquerque, NM	1.0–2.0	1.0–2.0	769	$1,565	$2.03	4d	17	1.15mi
6500 Martin Ct NE Albuquerque, NM	3.0	2.0	1376	$2,850	$2.07	45d	1	1.18mi
5828 Elmwood Dr NE Albuquerque, NM	2.0	2.0	1236	$1,790	$1.45	25d	1	1.21mi
5800 Osuna Rd NE Albuquerque, NM	1.0–2.0	1.0–2.0	820	$1,555	$1.90	4d	23	1.35mi
8129 Shannon St NE Albuquerque, NM	3.0	2.0	1500	$2,100	$1.40	4d	1	1.45mi
4949 San Pedro Dr NE Albuquerque, NM	1.0–2.0	1.0–2.0	900	$1,495	$1.66	4d	9	1.48mi

Listing history 16 events

1. 2026-06-22
   days on market $87,000 Active 62 DOM
2. 2026-06-18
   days on market $87,000 Active 59 DOM
3. 2026-06-17
   days on market $87,000 Active 58 DOM
4. 2026-06-16
   days on market $87,000 Active 57 DOM
5. 2026-06-15
   days on market $87,000 Active 56 DOM
6. 2026-06-13
   pricedays on market $87,000 Active 54 DOM
7. 2026-06-10
   days on market $88,000 Active 51 DOM
8. 2026-06-09
   days on market $88,000 Active 50 DOM
9. 2026-06-08
   days on market $88,000 Active 49 DOM
10. 2026-06-07
    days on market $88,000 Active 48 DOM
11. 2026-06-05
    days on market $88,000 Active 45 DOM
12. 2026-06-03
    days on market $88,000 Active 44 DOM
13. 2026-06-02
    days on market $88,000 Active 43 DOM
14. 2026-06-02
    status $88,000 Active 42 DOM
15. 2026-04-21
    price $88,000 521-char remark

    Show marketing remark (521 chars)

    This beautiful home features an open floorplan in a nicely located neighborhood. The home features separate primary and secondary bedrooms with a modern touch. The newer appliances are included: washer, dryer, refrigerator, stove, dishwasher, and microwave. The community features a playground, community pool, clubhouse, and basketball court. The location is ideal with many shopping and dining options within a few minutes. You don't want to miss this turn key home. Lot rent is $626/month. Seller is motivated to sell.

16. 2026-03-31
    listed $92,000 Active 521-char remark

    Show marketing remark (521 chars)

    This beautiful home features an open floorplan in a nicely located neighborhood. The home features separate primary and secondary bedrooms with a modern touch. The newer appliances are included: washer, dryer, refrigerator, stove, dishwasher, and microwave. The community features a playground, community pool, clubhouse, and basketball court. The location is ideal with many shopping and dining options within a few minutes. You don't want to miss this turn key home. Lot rent is $626/month. Seller is motivated to sell.

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 6 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,544
• − Mortgage interest: −$4,873
• − Property taxes: −$1,305
• − Insurance: −$435
• − Repairs & maintenance: −$1,883
• − Management: −$1,883
• − Depreciation: −$2,531
• Taxable income: $10,632
• Est. tax owed @ 24.0%: −$2,552
• After-tax cash flow: $8,833/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 mobile home is in good condition with a good condition score of 75. It is move-in ready with minor cosmetic updates that can significantly increase its value.

Value-add opportunities

• Both Paint the interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Replace the clock with a modern design — Modernizes the interior and adds a touch of style.
• Both Install new flooring in the kitchen — New flooring can significantly improve the look and feel of the kitchen, enhancing both resale and rental value.
• Both Upgrade the kitchen appliances — Modern appliances can increase the home's appeal and value.
• Both Add a small outdoor patio or deck — An outdoor space can increase the home's appeal and value, especially in a mobile home setting.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Replace the clock with a modern design — Modernizes the interior and adds a touch of style. ↑
• Both Install new flooring in the kitchen — New flooring can significantly improve the look and feel of the kitchen, enhancing both resale and rental value. ↑
• Both Upgrade the kitchen appliances — Modern appliances can increase the home's appeal and value. ↑
• Both Add a small outdoor patio or deck — An outdoor space can increase the home's appeal and value, especially in a mobile home setting. ↑

ⓘ 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

• Census place: Albuquerque, NM
• County: Bernalillo County · 647,165 people
• City population: 647,165
• Metro: Albuquerque, NM
• Population (ZIP): 39,324
• Household income: $58,900
• Rent vs Own: 46.6% rent · 53.4% own
• Severe rent burden: 2187.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 47% Hispanic / Latino 36% Two or more races 17% Native American 9% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Lithuanian 2% Slovak 2% Portuguese 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 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: ▼ -303.11%
• Current HPI: 250.5034
• Rent YoY: ▼ -0.97%
• Metro: Albuquerque, NM
• State GDP YoY: —
• F500 in state: 0

Price history

-4.3% since first listed

2 events — show timeline

• 2026-04-21 Price Changed $88,000 Southwest MLS
• 2026-03-31 Listed $92,000 Southwest MLS