Under $500K Investment Properties for Sale in Hobbs, NM
Listed for sale 1 day ago
$ 187,500
ROI
27.5
Cash Flow/m
405- 3 Bed
- 2 Bath
- 1705 sft
203 E Berry Dr, Hobbs, NM, 88240
Listed for sale 3 days ago
$ 369,000
ROI
26.8Cash Flow/m
718- 3 Bed
- 2 Bath
- 1984 sft
319 E Baregrass Ln, Hobbs, NM, 88242
Listed for sale 4 days ago
$ 435,000
ROI
20.3Cash Flow/m
63- 3 Bed
- 2 Bath
- 2205 sft
2623 N Vista Dr, Hobbs, NM, 88240
Listed for sale 6 days ago
$ 310,000
ROI
27.5Cash Flow/m
670- 4 Bed
- 2 Bath
- 2332 sft
7010 Casa Bonita, Hobbs, NM, 88242
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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