OFF_MARKETRisky Deal2 days on market

1020 Harrison Dr NE

1020 Harrison Dr NE, Rio Rancho, NM 87144, Rio Rancho, NM 87144
$273,000
Zestimate®:$278,600$5,600 Under Market

Listing Price

Property image 1
1020 Harrison Dr NE, Rio Rancho, NM 87144
Loc: Rio Rancho, NM
Days Listed
2
Tax Assessed
$89k
Zestimate®
$279k
2% Under Valued
Lot Size
5,227 sqft
Rent Estimate
$1,602/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

2

Colinas Del Norte Elementary School

K-5
0.7 mi away
7

Eagle Ridge Middle School

6-8
2.3 mi away
7

V Sue Cleveland High School

9-12
4.4 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.72%
Total ROI
61.5%
Cash Flow
$-342/mo
DSCR
0.76
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-15Sold$0
2026-04-11Pending sale$273,000$302
2026-03-23Listed for sale$273,000$302
2026-03-04Pending sale$273,000$302
2026-02-24Listed for sale$273,000$302

Tax History

YearProperty TaxTax Assessment
2025$964.48$29,639
2024$965$28,776
2023$938.12$27,939
2022$918.36$27,125
2021$909.2$26,334
2020$880.58$25,568
2019$858.56$24,823
2018$781.9$24,100
2017$822.72$23,714
2016$411.36$23,024
2014$480.87$27,088
2013$480.87$25,088
2011$0$81,263
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
903
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $273,000Rent Basis: Observed Comp Model ($1,602/mo)State Tax Benchmark: 0.8% (NM)Hazard Reserve: $100/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.72%

NOI: $12,891/yr

Cash-on-Cash Yield
-6.5%

On $62,790 invested

DSCR Ratio
0.76x

Negative debt coverage

5-Yr Leveraged ROI
+61.5%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.8% of basis)-$59/mo
Homeowner / Hazard Insurance-$100/mo
Vacancy Reserve (5% of rent)-$80/mo
Repairs & Maintenance (10% of rent)-$160/mo
Property Management (8% of rent)-$128/mo
Total Pure Operating Expenses-$528/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,602/mo
Less: Operating Expenses-$528/mo
Net Operating Income (NOI)+$1,074/mo
Less: Debt Service (30yr @ 6.75%)-$1,417/mo
Net Cash Flow
$-342/mo
$-4,107/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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