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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Townhouse Investment Properties for Sale in Hobbs, NM
$ 155,000
ROI
26.0
Cash Flow/m
271- 2 Bed
- 2 Bath
- 1524 sft
419 W Kiowa Ave, Hobbs, NM, 88240
$ 230,000
ROI
29.2Cash Flow/m
602- 2 Bed
- 2 Bath
- 1516 sft
1123 W Caprock St, Hobbs, NM, 88240
$ 175,000
ROI
22.9Cash Flow/m
154- 2 Bed
- 2 Bath
- 1477 sft
1523 E Sanger St, Hobbs, NM, 88240
$ 187,700
ROI
32.3Cash Flow/m
655- 2 Bed
- 2 Bath
- 1477 sft
1521 E Sanger St, Hobbs, NM, 88240
Why Invest in Hobbs, New Mexico?
Investing in townhouses in Hobbs, NM provides a unique opportunity for growth. The average rental yield is around 6%, with a solid cap rate of 8%. With a steady increase in average rents, currently at $1,200, and a 3% appreciation rate, now is a great time to consider this investment strategy.
10%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental price for townhouses in Hobbs, NM is currently around $1,200 per month, reflecting the steady demand in the area.
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