1013 S Silver St · Deming, NM 88030

$135,000

3 bd · 1.5 ba · 1,350 sqft · Other public records · 281 Days on market

Built 1960 0.33 ac lot ↓ 9% since listing

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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).

• Cash flow +15.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

Key facts

• Fenced yard
• Easy access to i-10
• 0.33 acre lot

Tags

• SPACIOUS EAT IN KITCHEN
• FENCED YARD
• EASY ACCESS TO I-10
• PLENTY OF ROOM FOR RV PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $135k.

Deal economics

• At list price, monthly cash flow is $59 ($714/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 $111k (17.6% below list).
• Recommended offer: $111k (17.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#73 in NM) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: commute C-, amenities D+, schools F.
• Deming Public Schools (town): math 18% / reading 27% proficiency, ranked #63 of 95 in NM (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 97% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 375 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 7 units permitted in Luna County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Luna County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 281 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 4→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,263 (17.6% below list)

Questions for the listing agent

1. It's been on market 281 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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?
8. 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.
9. 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.
10. 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: 0.82% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.89%
• DSCR: 1.08
• GRM: 10.1

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: -13.3%
• Equity multiple: 0.52×
• Total profit: $-18,139
• Equity at exit: $20,129

10-year hold

• IRR: -4.5%
• Equity multiple: 0.71×
• Total profit: $-11,131
• Equity at exit: $11,672

Cash invested: $37,800 (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 88030

• Home prices YoY: -32.9%
• Active inventory: 375
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,113 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$55 /mo · $663/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $59

Break-even live

Break-even rent $1,037

Max offer price $135,000

Occupancy floor 90%

Sensitivity live

Price	-10% $136	-5% $98	+0% $59	+5% $21	+10% $-17
Rent	-10% $-28	-5% $16	+0% $59	+5% $103	+10% $147
Rate	-1.0pp $127	-0.5pp $94	base $59	+0.5pp $25	+1.0pp $-11

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 S Santa Catalina St Deming, NM	2.0	1.0	1232	$900	$0.73	45d	1	0.69mi
2108 S Shelly Dr Deming, NM	3.0	2.0	1817	$1,800	$0.99	45d	1	1.18mi
715 N Lead St Deming, NM	3.0	2.0	1440	$900	$0.62	14d	1	1.29mi

Listing history 10 events

1. 2026-05-31
   days on market $135,000 Active 281 DOM
2. 2026-05-30
   days on market $135,000 Active 280 DOM
3. 2026-05-05
   status Active 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

4. 2026-04-01
   historical 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

5. 2026-02-11
   status Active 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

6. 2025-12-14
   historical 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

7. 2025-10-17
   status Active 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

8. 2025-10-17
   price $135,000 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

9. 2025-09-02
   historical 488-char remark

   Show marketing remark (488 chars)

   4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

10. 2025-04-07
    listed $149,000 Active 488-char remark

    Show marketing remark (488 chars)

    4 Bedroom 1.5 Bath home on 4 lots on Silver Ave. Built in 1960, this property features 1,890 Sq Ft, a spacious eat in kitchen with appliances, washer, dryer, evaporative cooling, vinyl and tile flooring, spacious fenced yard, needs updating, some repairs and one bedroom needs flooring, located in the heart of town close to schools, park, stores and business area, easy access to I-10, property is fenced with plenty of room for RV Parking, a must see! Call us to schedule your viewing!

ⓘ 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: $663 · $55/mo
• Projected year-2 tax: $1,080 · $90/mo
• Expected delta: +$417/yr (+$35/mo · 62.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 4 d/yr ≥100°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,352
• − Mortgage interest: −$7,562
• − Property taxes: −$663
• − Insurance: −$675
• − Repairs & maintenance: −$1,068
• − Management: −$1,068
• − Depreciation: −$3,927
• Taxable loss: −$1,612
• Est. tax savings @ 24.0%: +$387
• After-tax cash flow: $1,101/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: Deming Public Schools
• NCES district ID: 3500690
• Math proficiency: 18% —
• Reading proficiency: 27% —
• Median HH income: $28,092
• Composite: 21.02/100
• National rank: #13708
• State rank: #63 of 95 in NM

Livability — Deming

• Score: 63/100
• State rank: #73
• US rank: #15165

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Deming, NM
• Population (ZIP): 24,270

Population outlook (Luna County) Hauer SSP2

• Today (2025): 22,859 people
• By 2030: 22,105 · -3.3%
• By 2040: 20,738 · -9.3%
• By 2050: 19,336 · -15.4%
• By 2075: 15,439 · -32.5%
• By 2100: 9,313 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (66%)
• Race & ethnicity: Hispanic / Latino 66% Two or more races 32% White 30% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 63%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 16% · Canada
• Languages at home: 49% English-only · Spanish 50%

Political lean MEDSL · Luna

• 2024 margin: R (+18.9) · D 39.4% · R 58.3% · Other 2.3%
• 2008→2024 swing: -24.2pp toward R · 2008: 5.3pp · 2024: -18.9pp
• All cycles: 2024: R+18.9 2020: R+10.4 2016: R+3.9 2012: R+1.1 2008: D+5.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.37%
• Current HPI: 114.8626
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-9.4% since first listed

8 events — show timeline

• 2026-05-05 Relisted — NMMLS
• 2026-04-01 Delisted — NMMLS
• 2026-02-11 Relisted — NMMLS
• 2025-12-14 Delisted — NMMLS
• 2025-10-17 Relisted — NMMLS
• 2025-10-17 Price Changed $135,000 NMMLS
• 2025-09-02 Delisted — NMMLS
• 2025-04-07 Listed $149,000 NMMLS

Property tax history

+3.4%/yr

Latest (2021): $663 · +0.0% YoY. Source: county tax records.