For SaleRisky Deal84 days on market
2869 Chessman Dr SE
2869 Chessman Dr SE, Rio Rancho, NM 87124, Rio Rancho, NM 87124
$425,000
Estimate®:$420,000
Listing Price
2869 Chessman Dr SE, Rio Rancho, NM 87124
Loc: Rio Rancho, NM
Days Listed
84
Tax Assessed
$313k
Estimate®
$420k
Market Rate
Lot Size
0.26 acres
Rent Estimate
$2,394/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.
7
Ernest Stapleton Elementary School
K-5
0.7 mi away
6
Lincoln Middle School
6-8
0.6 mi away
7
Rio Rancho High School
9-12
0.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
indoor poolenclosed patiosunroomswimming poolstamped concretenatural lightpoolsiderecreationalresort-stylespaciousleisurewellnesscontemporarycoastalrelaxation
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.26%
Total ROI
51.5%
Cash Flow
$-695/mo
DSCR
0.68
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-695/mo net cash flow with a 4.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Rio Rancho, NM
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-21 | Listed for sale | $425,000 | $203 |
| 2026-07-30 | Pending sale | $425,000 | $203 |
| 2026-07-14 | Listed for sale | $425,000 | $203 |
| 2026-07-12 | Pending sale | $425,000 | $203 |
| 2026-07-03 | Listed for sale | $425,000 | $203 |
| 2019-04-22 | Sold | $0 | – |
| 2019-03-15 | Pending sale | $274,900 | $131 |
| 2019-02-28 | Listed for sale | $274,900 | $131 |
| 2019-01-01 | Listing removed | $284,000 | $136 |
| 2018-10-15 | Price change | $284,000 | $136 |
| 2018-04-23 | Listed for sale | $289,000 | $138 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,645.72 | $104,474 |
| 2024 | $3,655.56 | $101,431 |
| 2023 | $3,561.64 | $98,478 |
| 2022 | $3,494.6 | $95,609 |
| 2021 | $3,468.22 | $92,825 |
| 2020 | $3,367.2 | $90,121 |
| 2019 | $2,357.36 | $62,666 |
| 2018 | $2,152.56 | $60,841 |
| 2017 | $2,244.18 | $59,069 |
| 2016 | $2,244.18 | $57,349 |
| 2014 | $2,198.48 | $57,349 |
| 2013 | $2,198.48 | $57,349 |
| 2011 | $0 | $172,047 |
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