For SaleRisky Deal0 days on market
508 Brazos Dr SE
508 Brazos Dr SE, Rio Rancho, NM 87124, Rio Rancho, NM 87124
$279,000
Estimate®:$273,700
Listing Price
508 Brazos Dr SE, Rio Rancho, NM 87124
Loc: Rio Rancho, NM
Days Listed
0
Tax Assessed
$201k
Estimate®
$274k
Market Rate
Lot Size
0.64 acres
Rent Estimate
$2,018/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.
5
Puesta Del Sol Elementary School
K-5
0.7 mi away
7
Eagle Ridge Middle School
6-8
3.1 mi away
7
Rio Rancho High School
9-12
3.5 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
ranch-style housesingle-storystucco exteriorasphalt shingle roofattached garagesolar panelscorner lotsuburbanarid landscapedrivewayspacious lotresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.68%
Total ROI
82.2%
Cash Flow
$-128/mo
DSCR
0.91
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-128/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • Strong rental demand in Rio Rancho
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 |
|---|---|---|---|
| 2026-09-24 | Price change | $279,000 | $215 |
| 2021-03-01 | Pending sale | $184,900 | $142 |
| 2021-02-26 | Sold | $0 | – |
| 2021-01-05 | Pending sale | $184,900 | $142 |
| 2020-12-30 | Price change | $184,900 | $142 |
| 2020-12-12 | Listed for sale | $199,900 | $154 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,343.36 | $67,153 |
| 2024 | $2,349.72 | $65,198 |
| 2023 | $2,289.28 | $63,298 |
| 2022 | $2,246.24 | $61,455 |
| 2021 | $1,044.94 | $33,967 |
| 2020 | $1,007.98 | $32,978 |
| 2019 | $978.7 | $32,017 |
| 2018 | $920.48 | $32,017 |
| 2017 | $946.18 | $31,085 |
| 2016 | $946.18 | $30,179 |
| 2014 | $926.9 | $30,179 |
| 2013 | $926.9 | $24,179 |
| 2011 | $0 | $90,539 |
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