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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Hobbs, NM
Listed for sale 1 day ago
$ 265,000
ROI
32.5
Cash Flow/m
938- 3 Bed
- 2 Bath
- 1870 sft
909 E Albertson Dr, Hobbs, NM, 88240
Listed for sale 2 days ago
$ 195,000
ROI
27.1Cash Flow/m
399- 3 Bed
- 2 Bath
- 1248 sft
1001 W Laughlin Dr, Hobbs, NM, 88240
Listed for sale 2 days ago
$ 197,900
ROI
26.9Cash Flow/m
395- 2 Bed
- 2 Bath
- 1854 sft
1315 E Bender Blvd APT 9, Hobbs, NM, 88240
Listed for sale 6 days ago
$ 310,000
ROI
23.4Cash Flow/m
311- 3 Bed
- 2 Bath
- 1707 sft
4705 N Homestretch Rd, Hobbs, NM, 88240
Why Invest in Hobbs, New Mexico?
Hobbs, NM offers strong investment opportunities in properties under $500K, driven by the oil and gas industry. Average rental yields around 8-10% make it attractive for cash flow-focused investors. Cap rates hover at 7-9%, with steady appreciation from energy sector demand. Renter-occupied housing exceeds 40%, ensuring reliable tenant pools. Low entry prices under $500K provide accessible entry for multifamily and single-family rentals.
9.5%
Avg. ROI
8.7%
Rental Yield
7.8%
Cap Rate
$850/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Hobbs benefits from oil industry stability, offering high rental yields and cash flow. Properties under $500K provide strong cap rates around 8%. Energy jobs ensure consistent renter demand.
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