1303 N Canal St, Carlsbad, NM 88220

2 bd · 2 ba · 1,088 sqft · built 1980 · Carlsbad · CONDOS·source listing ↗

$125,000

$130,000 first listed

seller intel

Price cut

−3.9%

from $130,000

Motivation score

32/100

OnePercent model (vv1)$1,762/mo

p10–p90 confidence band

HUD Fair Market Rent · 88220 · 2BR$1,230/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Eddy

Flood risk indexVery High FEMA NRI

Median household income$78,162

Median area rent$1,241/mo

Median home value$206,900

the verdict

1.41%vs 0.8% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$125,000

1.41% · rent $1,762

Intrinsic value · income approach

$254,744

51% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.