2325 Fred Daugherty Ave · Clovis, NM 88101

$225,000

3 bd · 2.0 ba · 1,617 sqft · SingleFamily · 11 Days on market

Built 2006 0.26 ac lot $139/sqft · 26% below area Est $303k · 26% under

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +8.9/30.0
• Rent growth +3.9/5.0
• Schools +3.4/10.0
• Livability +2.8/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This NEWER home has a GREAT FLOOR PLAN that includes an EXTRA ROOM that would make a great FORMAL DINING, OFFICE, SECOND LIVING AREA or PLAY ROOM. Large living area includes a nice wood burning fireplace and kitchen area is open and comes complete with all appliances. Isolated master ensuite has a nice walk in closest plus a great bathroom including double sinks, jet tub and separate shower. Laundry room has a small folding area and cabinets. The two extra bedrooms are a nice size and both share a full bath with tub and shower combo. Fenced backyard has a covered patio, automatic sprinklers front and back. Call today to see this nice home.

Key facts

• Galley-style kitchen
• Laundry room
• Bonus room

Tags

• LIVING ROOM WITH FIREPLACE
• BONUS ROOM
• LAUNDRY ROOM
• SPACIOUS PRIMARY SUITE
• GUEST BATHROOM
• GALLEY-STYLE KITCHEN

Property features AI

Exterior

• Parking: Attached garage (2 covered spaces, total 2 parking spaces)
• Utilities: Public water; Electricity connected; Sewer connected
• Home design: Single family residence; One story / single level
• Construction: Brick construction
• Exterior features: Covered patio; Wood fencing; Sprinklers in front and rear; Shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Free-standing range; Refrigerator; Electric water heater
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Ceiling fans; Central air conditioning
• Interior features: Ceiling fan(s); Blinds; Drapes; Fireplace (living room) with insert
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-181 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (14.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (30.1% below list).
• Recommended offer: $157k (30.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 56/100 on livability (#171 in NM) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Clovis Municipal Schools (town): math 31% / reading 49% proficiency, ranked #13 of 29 in NM (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Parkview Elementary (384 students, 100% FRL); Yucca Middle (572 students, 100% FRL); Clovis High (math 31% / reading 49%, grade F, #60 of 110 statewide, top 54%, 1,544 students, 0% FRL) — zoned schools at 67% FRL track the district average.
• Market conditions: Rents rising fast (+5.5%/yr); 464 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 169 units permitted in Curry County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($57k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Curry County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,286 (30.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.70% ✗
• Cap rate: 5.33%
• Cash-on-cash: -3.44%
• DSCR: 0.85
• GRM: 11.9

CMA / ARV

• ARV (median comp): $302,524
• List price: $225,000
• Delta: -25.63%
• Verdict: UNDERPRICED
• Comps: 5 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.54% rent growth · sell at horizon

5-year hold

• IRR: -19.6%
• Equity multiple: 0.30×
• Total profit: $-43,896
• Equity at exit: $33,548

10-year hold

• IRR: -8.2%
• Equity multiple: 0.44×
• Total profit: $-35,448
• Equity at exit: $19,454

Cash invested: $63,000 (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 88101

• Rents YoY: 5.5%
• Active inventory: 464
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,573 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$149 /mo · $1,793/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $-181

Break-even live

Break-even rent $1,801

Max offer price $193,101

Occupancy floor —

Sensitivity live

Price	-10% $-53	-5% $-117	+0% $-181	+5% $-244	+10% $-308
Rent	-10% $-305	-5% $-243	+0% $-181	+5% $-118	+10% $-56
Rate	-1.0pp $-67	-0.5pp $-123	base $-181	+0.5pp $-239	+1.0pp $-298

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1313 Mission Dr Unit a Clovis, NM	2.0	2.0	1055	$1,400	$1.33	45d	1	0.28mi
213 Almond Tree Ln Clovis, NM	4.0	2.0	1601	$1,700	$1.06	45d	1	0.36mi
2916 Hammond Blvd Clovis, NM	3.0	2.0	1270	$1,600	$1.26	45d	1	0.70mi
1621 N Lea St Clovis, NM	3.0	2.0	1650	$1,500	$0.91	46d	1	1.15mi

Listing history 5 events

1. 2026-05-14
   listed $225,000 Active 918-char remark
2. 2019-01-29
   soldstatus 647-char remark

   Show marketing remark (647 chars)

   This NEWER home has a GREAT FLOOR PLAN that includes an EXTRA ROOM that would make a great FORMAL DINING, OFFICE, SECOND LIVING AREA or PLAY ROOM. Large living area includes a nice wood burning fireplace and kitchen area is open and comes complete with all appliances. Isolated master ensuite has a nice walk in closest plus a great bathroom including double sinks, jet tub and separate shower. Laundry room has a small folding area and cabinets. The two extra bedrooms are a nice size and both share a full bath with tub and shower combo. Fenced backyard has a covered patio, automatic sprinklers front and back. Call today to see this nice home.

3. 2019-01-25
   soldstatus
4. 2018-12-20
   listed $164,000 647-char remark

   Show marketing remark (647 chars)

   This NEWER home has a GREAT FLOOR PLAN that includes an EXTRA ROOM that would make a great FORMAL DINING, OFFICE, SECOND LIVING AREA or PLAY ROOM. Large living area includes a nice wood burning fireplace and kitchen area is open and comes complete with all appliances. Isolated master ensuite has a nice walk in closest plus a great bathroom including double sinks, jet tub and separate shower. Laundry room has a small folding area and cabinets. The two extra bedrooms are a nice size and both share a full bath with tub and shower combo. Fenced backyard has a covered patio, automatic sprinklers front and back. Call today to see this nice home.

5. 2006-06-05
   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: $1,793 · $149/mo
• Projected year-2 tax: $1,800 · $150/mo
• Expected delta: +$7/yr (+$1/mo · 0.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 20 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: $18,874
• − Mortgage interest: −$12,603
• − Property taxes: −$1,793
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,510
• − Management: −$1,510
• − Depreciation: −$6,545
• Taxable loss: −$6,213
• Est. tax savings @ 24.0%: +$1,491
• After-tax cash flow: $-676/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: Clovis Municipal Schools
• NCES district ID: 3500570
• Math proficiency: 31% ▲ 6.00%
• Reading proficiency: 49% ▲ 14.00%
• Median HH income: $40,532
• Composite: 33.52/100
• National rank: #5435
• State rank: #13 of 29 in NM

Livability — Clovis

• Score: 56/100
• State rank: #171
• US rank: #22374

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clovis, NM
• County: Curry County · 44,846 people
• City population: 44,846
• Metro: Clovis, NM
• Population (ZIP): 44,846
• Household income: $56,587
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 1724.0

Population outlook (Curry County) Hauer SSP2

• Today (2025): 48,742 people
• By 2030: 47,759 · -2.0%
• By 2040: 45,444 · -6.8%
• By 2050: 42,403 · -13.0%
• By 2075: 33,878 · -30.5%
• By 2100: 22,414 · -54.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 47% White 42% Two or more races 14% Black 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 73% English-only · Spanish 25%

Political lean MEDSL · Curry

• 2024 margin: Solid R (+42.6) · D 27.8% · R 70.4% · Other 1.8%
• 2008→2024 swing: -8.5pp toward R · 2008: -34.1pp · 2024: -42.6pp
• All cycles: 2024: R+42.6 2020: R+40.6 2016: R+42.4 2012: R+38.6 2008: R+34.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.79%
• Current HPI: 121.1877
• Rent YoY: ▲ 5.54%
• Metro: Clovis, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+37.2% since first listed

6 events — show timeline

• 2026-05-25 Pending — NMMLS
• 2026-05-14 Listed $225,000 NMMLS
• 2019-01-29 Sold (MLS) — NMMLS
• 2019-01-25 Sold (Public Records) — Public Records
• 2018-12-20 Listed $164,000 NMMLS
• 2006-06-05 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,793 · +3.5% YoY. Source: county tax records.