For SaleRisky Deal0 days on market
706 Cerro De Ortega Dr SE
706 Cerro De Ortega Dr SE, Rio Rancho, NM 87124, Rio Rancho, NM 87124
$346,900
Estimate®:$340,500
Listing Price
706 Cerro De Ortega Dr SE, Rio Rancho, NM 87124
Loc: Rio Rancho, NM
Days Listed
0
Tax Assessed
$187k
Estimate®
$341k
Market Rate
Lot Size
0.25 acres
Rent Estimate
$2,605/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
Rio Rancho Elementary School
K-5
0.4 mi away
7
Rio Rancho Middle School
6-8
2.8 mi away
7
Rio Rancho High School
9-12
1.6 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
ranch-stylestucco exteriortwo-car garagearched windowssingle-storydesert landscapinggravel mulchmature treeADT security systemsuburbanlow maintenanceresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.16%
Total ROI
92.7%
Cash Flow
$-20/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-20/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • 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 | Listed for sale | $346,900 | $181 |
| 2016-06-17 | Sold | $0 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,173.12 | $62,274 |
| 2024 | $2,179 | $60,461 |
| 2023 | $2,123 | $58,700 |
| 2022 | $2,083.04 | $56,990 |
| 2021 | $2,067.3 | $55,330 |
| 2020 | $2,007.1 | $53,719 |
| 2019 | $1,966.82 | $52,284 |
| 2018 | $1,849.8 | $52,284 |
| 2017 | $1,359.44 | $52,284 |
| 2016 | $1,359.44 | $34,740 |
| 2014 | $1,331.76 | $34,740 |
| 2013 | $1,331.76 | $33,729 |
Similar Properties Nearby
Explore other investment opportunities in Rio Rancho.