Real Estate Investment Properties for Sale in Elephant Butte, NM

Looking for investment property in Elephant Butte, NM with high ROI ?

Explore a variety of short-term homes & houses in Elephant Butte, NM. Invest wisely with VRBO & Elephant Butte, NM Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Elephant Butte, NM

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
106 Knox Drive Elephant Butte, NM This charming 3 bed 2 bath 1822 sf ft home located in Elephant Butte offers a relaxing scr...	3 beds \| 2 baths \| 1,822 sq.ft.	$280,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 6.17% Airbnb Rental Income: $1221 Traditional Rental Income: $2115 Airbnb ROI: 1.3% Traditional ROI: 6.17%
707 Erie Avenue Elephant Butte, NM Built in 2006, this 3 bed 2 bath home located in Elephant Butte boasts 2,079 sq ft and sit...	3 beds \| 2 baths \| 2,079 sq.ft.	$330,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 5.17% Airbnb Rental Income: $1221 Traditional Rental Income: $2301 Airbnb ROI: 0.42% Traditional ROI: 5.17%
600 Skyline Drive Elephant Butte, NM On a 1+acre beautifully landscaped desert terrain lot, this spacious 2-story home blends c...	4 beds \| 3 baths \| 3,202 sq.ft.	$455,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 3.67% Airbnb Rental Income: $627 Traditional Rental Income: $2292 Airbnb ROI: -0.92% Traditional ROI: 3.67%
209 Ave Nido Loop Elephant Butte, NM PANORAMIC VIEWS TO ENJOY FROM INDOORS OR THE COVERED PATIO OUTDOORS! THIS 3 BEDROOM, 2 1/2...	3 beds \| 3 baths \| 2,114 sq.ft.	$459,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.7% Airbnb Rental Income: $1221 Traditional Rental Income: $2501 Airbnb ROI: -0.19% Traditional ROI: 3.7%
100 Camino Encantado Elephant Butte, NM This two bedroom one bathroom Lake Cabin sits on a corner lot right around the corner from...	2 beds \| 1 baths \| 692 sq.ft.	$80,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 9.42% Airbnb Rental Income: $508 Traditional Rental Income: $943 Airbnb ROI: 0.42% Traditional ROI: 9.42%
300 CATFISH Road Elephant Butte, NM Lake living at its finest! This stunning lake house off Hot Springs RD offers soaring ceil...	4 beds \| 4 baths \| 3,289 sq.ft.	$1,450,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 0.98% Airbnb Rental Income: $627 Traditional Rental Income: $3514 Airbnb ROI: -1.38% Traditional ROI: 0.98%
114 Canadian Circle Street Elephant Butte, NM Live, work, & entertain in this delightful open concept 3-bedroom 2-bath home with an abun...	3 beds \| 2 baths \| 1,700 sq.ft.	$299,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.01% Airbnb Rental Income: $1221 Traditional Rental Income: $2072 Airbnb ROI: 0.59% Traditional ROI: 5.01%
208 Trinity Street Elephant Butte, NM WHAT A GREAT PROPERTY TO USE AS YOUR WEEKENDER OR PERMANENT RESIDENCE WITH ALMOST 1/2 AC L...	3 beds \| 2 baths \| 1,078 sq.ft.	$199,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 7.41% Airbnb Rental Income: $1221 Traditional Rental Income: $1741 Airbnb ROI: 2.58% Traditional ROI: 7.41%
304 Ocotillo Drive Elephant Butte, NM This very well maintained 2018 Champion 1,216 sq ft 3 bed 2 bath home located in Elephant ...	3 beds \| 2 baths \| 1,216 sq.ft.	$210,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 6.11% Airbnb Rental Income: $1221 Traditional Rental Income: $1604 Airbnb ROI: 2.21% Traditional ROI: 6.11%
779 181 Highway Elephant Butte, NM Total SF: +/-5,906 (4 buildings). Live work and play! Office has porcelain tile throughout...	3 beds \| 1 baths \| 5,906 sq.ft.	$435,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 3.09% Airbnb Rental Income: $1221 Traditional Rental Income: $1917 Airbnb ROI: 0.42% Traditional ROI: 3.09%
34 Underwood Place Elephant Butte, NM STEP INTO A WORLD WHERE ANCIENT ELEGANCE MEETS MODERN COMFORT IN THIS STUNNING PROPERTY, M...	3 beds \| 4 baths \| 2,515 sq.ft.	$550,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.21% Airbnb Rental Income: $1221 Traditional Rental Income: $2521 Airbnb ROI: -0.09% Traditional ROI: 3.21%
420 San Mateo Elephant Butte, NM This 3 bed 2 bath 1997 1152 sq ft Cavco double wide manufactured home backs up to the BLM....	3 beds \| 2 baths \| 1,152 sq.ft.	$155,000	Airbnb cash on cash: 3.41% Traditional cash on cash: 9.32% Airbnb Rental Income: $1221 Traditional Rental Income: $1704 Airbnb ROI: 3.41% Traditional ROI: 9.32%
605 Hawthorne Drive Elephant Butte, NM WOULD YOU LIKE A NEW, NEVER LIVED IN HOME AT ELEPHANT BUTTE? THIS 2024 MFG HOME WITH 3BR, ...	3 beds \| 2 baths \| 1,344 sq.ft.	$225,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 6.15% Airbnb Rental Income: $1221 Traditional Rental Income: $1819 Airbnb ROI: 1.5% Traditional ROI: 6.15%
107 Idaho Court Elephant Butte, NM LOOKING FOR A HOME THAT IS READY TO MOVE INTO, MINUTES TO ELEPHANT BUTTE LAKE AND A CHAMPI...	3 beds \| 2 baths \| 1,323 sq.ft.	$240,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 5.96% Airbnb Rental Income: $1221 Traditional Rental Income: $1852 Airbnb ROI: 1.45% Traditional ROI: 5.96%
203 Calle Del Sol Elephant Butte, NM LOOKING FOR A NICE WEEKEND PROPERTY? DON'T MISS 2 BED 1 BATH 768 SQ FT MANUFACTURED HOME. ...	2 beds \| 1 baths \| 768 sq.ft.	$153,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 6.11% Airbnb Rental Income: $508 Traditional Rental Income: $1190 Airbnb ROI: -0.38% Traditional ROI: 6.11%
517 San Andres Drive Elephant Butte, NM This appealing 2 bed 1 bath property has a lot to offer! From beautiful views of Turtlebac...	2 beds \| 1 baths \| 700 sq.ft.	$144,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 5.88% Airbnb Rental Income: $508 Traditional Rental Income: $1097 Airbnb ROI: -0.37% Traditional ROI: 5.88%
81 Lost Canyon Elephant Butte, NM Take a look at this very cool and unique property located in Lost Canyon with views of Ele...	3 beds \| 2 baths \| 901 sq.ft.	$184,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 5.93% Airbnb Rental Income: $1221 Traditional Rental Income: $1369 Airbnb ROI: 2.84% Traditional ROI: 5.93%
8 Hackney Circle Street Elephant Butte, NM Gorgeous Pueblo-Style Estate on Nearly 14 Acres! Welcome to this stunning pueblo-style hom...	3 beds \| 3 baths \| 2,078 sq.ft.	$699,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.96% Airbnb Rental Income: $1221 Traditional Rental Income: $2547 Airbnb ROI: -0.67% Traditional ROI: 1.96%
5 Hackney Circle Street Elephant Butte, NM Nestled on 2.27 acres with breathtaking views of Elephant Butte Lake, this stunning New Me...	3 beds \| 2 baths \| 2,947 sq.ft.	$516,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 3.6% Airbnb Rental Income: $1221 Traditional Rental Income: $2640 Airbnb ROI: -0.16% Traditional ROI: 3.6%
101 Mimbres Drive Elephant Butte, NM THEIR CHANGE OF PLANS IS YOUR GOLDEN OPPORTUNITY! Life Happens!! The sellers recently purc...	3 beds \| 2 baths \| 1,431 sq.ft.	$438,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 3.03% Airbnb Rental Income: $1221 Traditional Rental Income: $2058 Airbnb ROI: 0.03% Traditional ROI: 3.03%
1113 Skyline Drive Elephant Butte, NM Walk into this beautiful southwest style home and be impressed! From the lovely living roo...	3 beds \| 2 baths \| 2,269 sq.ft.	$289,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 6.62% Airbnb Rental Income: $1221 Traditional Rental Income: $2377 Airbnb ROI: 0.93% Traditional ROI: 6.62%
108 Canadian Circle Street Elephant Butte, NM Welcome to this spacious 2154 sq ft two-story 3 bed 2 bath home designed with comfort and ...	3 beds \| 2 baths \| 2,154 sq.ft.	$350,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 5.73% Airbnb Rental Income: $1221 Traditional Rental Income: $2559 Airbnb ROI: 0.46% Traditional ROI: 5.73%

Real Estate investment in Elephant-butte, NM

There are 22 properties for sale in the city of Elephant Butte . The median list price in Elephant Butte is $289,000 and the average price per square foot is $147. In May 2026, the average monthly cash on cash return in Elephant Butte is 5.00%. The average monthly rental income in Elephant Butte is $1,926.

Elephant-butte, NM Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Elephant-butte.

In 2026, the best neighborhood to buy investment property is Elephant Butte.

The ROI for Short-Term is higher than the Long-Term in Elephant-butte with average rental income of $1,221.

Your search for investment property begins and ends here

Investment Property for Sale in Elephant Butte, NM

106 Knox Drive

Elephant Butte, NM

3 beds | 2 baths | 1,822 sq.ft.

$280,000

Airbnb cash on cash: 1.3%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $1221

Traditional Rental Income: $2115

Airbnb ROI: 1.3%

Traditional ROI: 6.17%

707 Erie Avenue

Elephant Butte, NM

3 beds | 2 baths | 2,079 sq.ft.

$330,000

Airbnb cash on cash: 0.42%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1221

Traditional Rental Income: $2301

Airbnb ROI: 0.42%

Traditional ROI: 5.17%

600 Skyline Drive

Elephant Butte, NM

4 beds | 3 baths | 3,202 sq.ft.

$455,000

Airbnb cash on cash: -0.92%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $627

Traditional Rental Income: $2292

Airbnb ROI: -0.92%

Traditional ROI: 3.67%

209 Ave Nido Loop

Elephant Butte, NM

3 beds | 3 baths | 2,114 sq.ft.

$459,000

Airbnb cash on cash: -0.19%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $1221

Traditional Rental Income: $2501

Airbnb ROI: -0.19%

Traditional ROI: 3.7%

100 Camino Encantado

Elephant Butte, NM

2 beds | 1 baths | 692 sq.ft.

$80,000

Airbnb cash on cash: 0.42%

Traditional cash on cash: 9.42%

Airbnb Rental Income: $508

Traditional Rental Income: $943

Airbnb ROI: 0.42%

Traditional ROI: 9.42%

300 CATFISH Road

Elephant Butte, NM

4 beds | 4 baths | 3,289 sq.ft.

$1,450,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $627

Traditional Rental Income: $3514

Airbnb ROI: -1.38%

Traditional ROI: 0.98%

114 Canadian Circle Street

Elephant Butte, NM

3 beds | 2 baths | 1,700 sq.ft.

$299,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1221

Traditional Rental Income: $2072

Airbnb ROI: 0.59%

Traditional ROI: 5.01%

208 Trinity Street

Elephant Butte, NM

3 beds | 2 baths | 1,078 sq.ft.

$199,000

Airbnb cash on cash: 2.58%

Traditional cash on cash: 7.41%

Airbnb Rental Income: $1221

Traditional Rental Income: $1741

Airbnb ROI: 2.58%