1315 E Bender #9 Blvd · Hobbs, NM 88240

$197,900

2 bd · 2.0 ba · 1,894 sqft · Townhouse public records · 36 Days on market

Built 1981

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.5/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Livability +3.3/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Newly Remodeled Townhome! Featuring 2 bedrooms, 2 baths and a cute and spacious atrium perfect for entertainment, this one you don't want to miss. Call to schedule your showing today!

Key facts

• Open floor plan
• Bonus room
• Granite counter tops

Tags

• OPEN FLOOR PLAN
• GRANITE COUNTER TOPS
• STAINLESS STEEL APPLIANCES
• BONUS ROOM

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Attached 2-car garage with garage door opener; 2 covered parking spaces (total 2 parking spaces)
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Public water; Sewer connected; Electricity connected; Natural gas connected; Natural gas available
• Home design: Residential townhouse; One story; Entry level on one level
• Construction: Stucco construction; Slab foundation; Flat membrane roof; Built as a townhouse
• Exterior features: Patio; Front yard fencing; Irregular lot

Interior

• Kitchen: Dishwasher; Microwave; Free-standing range; Refrigerator
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Ceiling fans; Electric cooling; Forced air heating; Electric heating; Natural gas heating; Heat pump
• Interior features: Ceiling fans; Pantry; Walk-in closets; Aluminum window frames; Double-pane windows; Skylight(s); Wood-burning fireplace in the living room
• Laundry & utility: Gas water heater; Water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $198k.

Deal economics

• At list price, monthly cash flow is $43 ($521/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (19.5% below list).
• Recommended offer: $159k (19.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#37 in NM) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, schools F, crime F.
• Hobbs Municipal Schools (town): math 17% / reading 31% proficiency, ranked #45 of 95 in NM (top 47%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 231 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 172 units permitted in Lea County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lea County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,384 (19.5% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.94%
• DSCR: 1.04
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.47×
• Total profit: $-29,371
• Equity at exit: $29,508

10-year hold

• IRR: -6.3%
• Equity multiple: 0.60×
• Total profit: $-22,295
• Equity at exit: $17,111

Cash invested: $55,412 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State New Mexico: 55 Moderately Landlord-Leaning · D+3
• County: — inherits STATE
• City: — inherits STATE

3-day notice but with cure rights; relocation assistance in some cities.

Methodology + full state rankings →

ZIP-level market 88240

• Active inventory: 231
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,594 medium
• Mortgage (P&I): −$1,038
• Tax from tax record: −$95 /mo · $1,145/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $43

Break-even live

Break-even rent $1,539

Max offer price $197,900

Occupancy floor 92%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,475
• Closing costs: $5,937
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
211 E Alto Dr Hobbs, NM	3.0	2.0	2066	$2,400	$1.16	43d	1	1.01mi

Listing history 26 events

1. 2026-06-18
   days on market $197,900 Active 36 DOM
2. 2026-06-17
   days on market $197,900 Active 35 DOM
3. 2026-06-16
   days on market $197,900 Active 34 DOM
4. 2026-06-15
   days on market $197,900 Active 33 DOM
5. 2026-06-14
   days on market $197,900 Active 31 DOM
6. 2026-06-13
   days on market $197,900 Active 30 DOM
7. 2026-06-10
   days on market $197,900 Active 28 DOM
8. 2026-06-09
   days on market $197,900 Active 27 DOM
9. 2026-06-08
   days on market $197,900 Active 26 DOM
10. 2026-06-07
    days on market $197,900 Active 25 DOM
11. 2026-06-05
    days on market $197,900 Active 22 DOM
12. 2026-06-02
    days on market $197,900 Active 20 DOM
13. 2026-06-01
    days on market $197,900 Active 19 DOM
14. 2026-05-31
    days on market $197,900 Active 18 DOM
15. 2026-05-30
    days on market $197,900 Active 17 DOM
16. 2026-05-13
    listed $197,900 Active 339-char remark
17. 2025-07-02
    soldstatus Closed 183-char remark

    Show marketing remark (183 chars)

    Newly Remodeled Townhome! Featuring 2 bedrooms, 2 baths and a cute and spacious atrium perfect for entertainment, this one you don't want to miss. Call to schedule your showing today!

18. 2025-06-21
    historical $1,700
19. 2025-06-12
    listed $1,700
20. 2025-05-14
    status Pending 183-char remark

    Show marketing remark (183 chars)

    Newly Remodeled Townhome! Featuring 2 bedrooms, 2 baths and a cute and spacious atrium perfect for entertainment, this one you don't want to miss. Call to schedule your showing today!

21. 2025-05-07
    listed $200,000 Active 183-char remark

    Show marketing remark (183 chars)

    Newly Remodeled Townhome! Featuring 2 bedrooms, 2 baths and a cute and spacious atrium perfect for entertainment, this one you don't want to miss. Call to schedule your showing today!

22. 2024-12-29
    historical $1,700
23. 2024-12-03
    listed $1,700
24. 2020-04-09
    soldstatus

    Show marketing remark (659 chars)

    Spacious, Immaculate Townhome, Move in Ready! Super large living area, Open Concept, Office, all appliances + washer-dryer, walkin closets, total electric, aprx. 1500--1558 sqft, lots of storage through out even in garage. This property shows Pride of Ownership & great for someone wanting Privacy Living. 2 car garage, Parking in front of property & extra parking over on side in front of mailboxes is allowed. HOA - $150/Year, paved areas, painted all exterior to match each unit. Her insurance is w/ State Farm. SELLER RELOCATING & ANXIOUS TO SELL, HAS REDUCED PRICE again. APPLIANCES STAY, INCLUDING WASH-DRYER, REDUCED PRICE! $167,500!!

25. 2019-08-21
    listed $163,500

    Show marketing remark (659 chars)

    Spacious, Immaculate Townhome, Move in Ready! Super large living area, Open Concept, Office, all appliances + washer-dryer, walkin closets, total electric, aprx. 1500--1558 sqft, lots of storage through out even in garage. This property shows Pride of Ownership & great for someone wanting Privacy Living. 2 car garage, Parking in front of property & extra parking over on side in front of mailboxes is allowed. HOA - $150/Year, paved areas, painted all exterior to match each unit. Her insurance is w/ State Farm. SELLER RELOCATING & ANXIOUS TO SELL, HAS REDUCED PRICE again. APPLIANCES STAY, INCLUDING WASH-DRYER, REDUCED PRICE! $167,500!!

26. 2007-08-22
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NM · Resets to sale price

• Current annual tax: $1,145 · $95/mo
• Projected year-2 tax: $1,583 · $132/mo
• Expected delta: +$438/yr (+$37/mo · 38.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 5/10 Major 6 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,126
• − Mortgage interest: −$11,085
• − Property taxes: −$1,145
• − Insurance: −$990
• − Repairs & maintenance: −$1,530
• − Management: −$1,530
• − Depreciation: −$5,757
• Taxable loss: −$2,911
• Est. tax savings @ 24.0%: +$699
• After-tax cash flow: $1,220/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hobbs Municipal Schools
• NCES district ID: 3501260
• Math proficiency: 17% —
• Reading proficiency: 31% —
• Median HH income: $52,575
• Composite: 24.53/100
• National rank: #13068
• State rank: #45 of 95 in NM

Livability — Hobbs

• Score: 66/100
• State rank: #37
• US rank: #11817

Category grades

Amenities B- Commute F Cost of living A+ Crime F Employment D+ Housing A+ Health & safety C+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hobbs, NM
• County: Lea County · 41,557 people
• City population: 41,557
• Metro: Hobbs, NM
• Population (ZIP): 41,557
• Household income: $63,270
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 968.0

Population outlook (Lea County) Hauer SSP2

• Today (2025): 84,268 people
• By 2030: 91,695 · +8.8%
• By 2040: 108,366 · +28.6%
• By 2050: 126,264 · +49.8%
• By 2075: 170,606 · +102.5%
• By 2100: 199,235 · +136.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% Two or more races 32% White 29% Black 5%
• Hispanic origin (detail): Mexican 55%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 18% · Canada
• Languages at home: 57% English-only · Spanish 41% German/W. Germanic 1%

Political lean MEDSL · Lea

• 2024 margin: Solid R (+61.6) · D 18.5% · R 80.1% · Other 1.3%
• 2008→2024 swing: -17.4pp toward R · 2008: -44.2pp · 2024: -61.6pp
• All cycles: 2024: R+61.6 2020: R+59.6 2016: R+48.5 2012: R+49.7 2008: R+44.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -246.71%
• Current HPI: 100.9905
• Rent YoY: —
• Metro: Hobbs, NM
• State GDP YoY: —
• F500 in state: 0

Price history

+21.0% since first listed

11 events — show timeline

• 2026-05-13 Listed $197,900 NMMLS
• 2025-07-02 Sold (MLS) — NMMLS
• 2025-06-21 Rental Removed $1,700 APPFOLIO
• 2025-06-12 Listed for Rent $1,700 APPFOLIO
• 2025-05-14 Pending — NMMLS
• 2025-05-07 Listed $200,000 NMMLS
• 2024-12-29 Rental Removed $1,700 APPFOLIO
• 2024-12-03 Listed for Rent $1,700 APPFOLIO
• 2020-04-09 Sold (MLS) — NMMLS
• 2019-08-21 Listed $163,500 NMMLS
• 2007-08-22 Sold (Public Records) — Public Records

Property tax history

+2.4%/yr

Latest (2025): $1,145 · +1.6% YoY. Source: county tax records.