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
716 Erie Ave Elephant Butte, NM This three bedroom two bath Home sits on .50 acres near Elephant Butte Lake and Sierra Del...	3 beds \| 1 baths \| 1,617 sq.ft.	$298,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $1912 Airbnb ROI: N/A Traditional ROI: 5.09%
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: N/A Traditional cash on cash: 6.17% Airbnb Rental Income: $null Traditional Rental Income: $2115 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2301 Airbnb ROI: N/A Traditional ROI: 5.17%
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: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $2501 Airbnb ROI: N/A Traditional ROI: 3.7%
107 Pajaritos Drive Elephant Butte, NM Beautiful Tuscan home, perfectly situated in Villa Tuscano of Elephant Buttes Turtleback M...	3 beds \| 3 baths \| 2,545 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $2413 Airbnb ROI: N/A Traditional ROI: 3.1%
109 Canon Del Luna Road Elephant Butte, NM Wake up to sweeping mountain light and panoramic views in this Spanish Mission estate perc...	3 beds \| 6 baths \| 5,411 sq.ft.	$975,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.96% Airbnb Rental Income: $null Traditional Rental Income: $5221 Airbnb ROI: N/A Traditional ROI: 3.96%
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.	$1,395,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.06% Airbnb Rental Income: $null Traditional Rental Income: $3514 Airbnb ROI: N/A Traditional ROI: 1.06%
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: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2072 Airbnb ROI: N/A Traditional ROI: 5.01%
516 Pike Road Elephant Butte, NM Beautiful views of Elephant Butte Lake from this 0.47 acre lot. 2240 sq ft 4 bedroom 2.5 b...	3 beds \| 3 baths \| 2,240 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2766 Airbnb ROI: N/A Traditional ROI: 9.36%
11 Arabian Lane Elephant Butte, NM Stunning 2-Story Home with Walk-Out Basement on 2.7 Acres - Lake & Mountain Views! Don't m...	4 beds \| 3 baths \| 3,281 sq.ft.	$499,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.02% Airbnb Rental Income: $null Traditional Rental Income: $2861 Airbnb ROI: N/A Traditional ROI: 4.02%
105 La Punta Road Elephant Butte, NM WELCOME TO YOUR DREAM ESCAPE AT THE MOST AFFORDABLE ASKING PRICE IN ELEPHANT BUTTE'S PREST...	2 beds \| 2 baths \| 1,685 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.81% Airbnb Rental Income: $null Traditional Rental Income: $2171 Airbnb ROI: N/A Traditional ROI: 4.81%
109 Mimbres Rd Elephant Butte, NM 109 Mimbres Rd, Elephant Butte, NM 87935 \| Single Family Residential	2 beds \| 2 baths \| 1,215 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $1249 Airbnb ROI: N/A Traditional ROI: 3.1%
117 Trinity Ave Elephant Butte, NM 117 Trinity Ave, Elephant Butte, NM 87901 \| Manufactured Home	2 beds \| 2 baths \| 924 sq.ft.	$144,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $1149 Airbnb ROI: N/A Traditional ROI: 5.86%
717 Erie Ave Elephant Butte, NM 717 Erie Ave, Elephant Butte, NM 87935 \| Single Family Residential	2 beds \| 2 baths \| 1,600 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.72% Airbnb Rental Income: $null Traditional Rental Income: $1497 Airbnb ROI: N/A Traditional ROI: 3.72%
402 Skyline Dr Elephant Butte, NM 402 Skyline Dr, Elephant Butte, NM 87935 \| Single Family Residential	4 beds \| 2 baths \| 1,524 sq.ft.	$337,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.13% Airbnb Rental Income: $null Traditional Rental Income: $1655 Airbnb ROI: N/A Traditional ROI: 3.13%
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: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $1604 Airbnb ROI: N/A Traditional ROI: 6.11%
200 Trinity Ave Elephant Butte, NM 200 Trinity Ave, Elephant Butte, NM 87935 \| Manufactured Home	3 beds \| 2 baths \| 1,080 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.6% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 5.6%
207 Olympic St Elephant Butte, NM 207 Olympic St, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$36,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.91% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 9.91%
200 Springland Blvd Elephant Butte, NM 200 Springland Blvd, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$233,100	Airbnb cash on cash: N/A Traditional cash on cash: 1.45% Airbnb Rental Income: $null Traditional Rental Income: $808 Airbnb ROI: N/A Traditional ROI: 1.45%
Tierra Verde Cir Elephant Butte, NM Tierra Verde Cir, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$89,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.37% Airbnb Rental Income: $null Traditional Rental Income: $808 Airbnb ROI: N/A Traditional ROI: 5.37%
204 Olympic St Elephant Butte, NM	N/A beds \| N/A baths \| 0 sq.ft.	$55,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 6.19%
317 Ocotillo Drive Elephant Butte, NM Mountain Views & Modern Comfort: Your Perfect Retreat Awaits Imagine waking up each mornin...	2 beds \| 2 baths \| 960 sq.ft.	$219,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 5.04%
303 Calle Del Corte St Elephant Butte, NM 303 Calle Del Corte St, Elephant Butte, NM 87935 \| Manufactured Home	3 beds \| 2 baths \| 1,456 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $1484 Airbnb ROI: N/A Traditional ROI: 4.6%
502 Hawthorne Blvd Elephant Butte, NM 502 Hawthorne Blvd, Elephant Butte, NM 87935 \| Single Family Residential	4 beds \| 4 baths \| 2,900 sq.ft.	$659,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.37% Airbnb Rental Income: $null Traditional Rental Income: $2651 Airbnb ROI: N/A Traditional ROI: 2.37%
125 Mesa Grande Dr Elephant Butte, NM 125 Mesa Grande Dr, Elephant Butte, NM 87935 \| Single Family Residential	3 beds \| 2 baths \| 2,444 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $2007 Airbnb ROI: N/A Traditional ROI: 1.25%
VL Rio Grande Cir Elephant Butte, NM VL Rio Grande Cir, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| N/A	$50,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $524 Airbnb ROI: N/A Traditional ROI: 6.68%
1 Country Rd Elephant Butte, NM 1 Country Rd, Elephant Butte, NM 87901 \| Other	N/A beds \| N/A baths \| N/A	$296,100	Airbnb cash on cash: N/A Traditional cash on cash: -0.2% Airbnb Rental Income: $null Traditional Rental Income: $536 Airbnb ROI: N/A Traditional ROI: -0.2%
104 Erie Ct Elephant Butte, NM	N/A beds \| N/A baths \| N/A	$70,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.72% Airbnb Rental Income: $null Traditional Rental Income: $1032 Airbnb ROI: N/A Traditional ROI: 11.72%
204 Superior Elephant Butte, NM 204 Superior, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| N/A	$33,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.46% Airbnb Rental Income: $null Traditional Rental Income: $524 Airbnb ROI: N/A Traditional ROI: 10.46%
94 S Lost Rd Elephant Butte, NM 94 S Lost Rd, Elephant Butte, NM 87935 \| Manufactured Home	3 beds \| 3 baths \| 2,400 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $2010 Airbnb ROI: N/A Traditional ROI: 3.8%
603 Pinto Trl Elephant Butte, NM 603 Pinto Trl, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| N/A	$35,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.86% Airbnb Rental Income: $null Traditional Rental Income: $524 Airbnb ROI: N/A Traditional ROI: 9.86%
0001 Mustang Rd Elephant Butte, NM 0001 Mustang Rd, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| N/A	$58,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.59% Airbnb Rental Income: $null Traditional Rental Income: $524 Airbnb ROI: N/A Traditional ROI: 5.59%
000 Mustang Rd Elephant Butte, NM 000 Mustang Rd, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| N/A	$58,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.59% Airbnb Rental Income: $null Traditional Rental Income: $524 Airbnb ROI: N/A Traditional ROI: 5.59%
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: N/A Traditional cash on cash: 3.09% Airbnb Rental Income: $null Traditional Rental Income: $1917 Airbnb ROI: N/A Traditional ROI: 3.09%
526 Lakeshore Drive Elephant Butte, NM THIS PROPERTY HAS A SURPRISE FOR YOU! FOUR YEARS NEW, IMMACULATE INSIDE AND OUT, TASTEFULL...	3 beds \| 2 baths \| 1,960 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2259 Airbnb ROI: N/A Traditional ROI: 5.23%
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.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.89% Airbnb Rental Income: $null Traditional Rental Income: $2521 Airbnb ROI: N/A Traditional ROI: 2.89%
688 52 Highway Elephant Butte, NM This exceptional +/-11.56-acre farm is located in the peaceful valley of Cuchillo, New Mex...	3 beds \| 2 baths \| 1,680 sq.ft.	$599,999	Airbnb cash on cash: N/A Traditional cash on cash: 1.12% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 1.12%
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.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 9.36%
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: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 6.09%
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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 5.46%

Real Estate investment in Elephant-butte, NM

There are 49 properties for sale in the city of Elephant Butte . The median list price in Elephant Butte is $231,550 and the average price per square foot is $135. In March 2026, the average monthly cash on cash return in Elephant Butte is 5.00%. The average monthly rental income in Elephant Butte is $1,773.

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

There are 49 investment properties available for sale in Elephant-butte.

The ROI for Short-Term is higher than the Long-Term in Elephant-butte with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Elephant Butte, NM

716 Erie Ave

Elephant Butte, NM

3 beds | 1 baths | 1,617 sq.ft.

$298,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.09%

Airbnb Rental Income: $null

Traditional Rental Income: $1912

Airbnb ROI: N/A

Traditional ROI: 5.09%

106 Knox Drive

Elephant Butte, NM

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

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2115

Airbnb ROI: N/A

Traditional ROI: 6.17%

707 Erie Avenue

Elephant Butte, NM

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

$330,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2301

Airbnb ROI: N/A

Traditional ROI: 5.17%

209 Ave Nido Loop

Elephant Butte, NM

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

$459,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2501

Airbnb ROI: N/A

Traditional ROI: 3.7%

107 Pajaritos Drive

Elephant Butte, NM

3 beds | 3 baths | 2,545 sq.ft.

$519,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.1%

Airbnb Rental Income: $null

Traditional Rental Income: $2413

Airbnb ROI: N/A

Traditional ROI: 3.1%

109 Canon Del Luna Road

Elephant Butte, NM

3 beds | 6 baths | 5,411 sq.ft.

$975,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.96%

Airbnb Rental Income: $null

Traditional Rental Income: $5221

Airbnb ROI: N/A

Traditional ROI: 3.96%

300 CATFISH Road

Elephant Butte, NM

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

$1,395,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.06%

Airbnb Rental Income: $null

Traditional Rental Income: $3514

Airbnb ROI: N/A

Traditional ROI: 1.06%

114 Canadian Circle Street

Elephant Butte, NM

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

$299,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.01%

Airbnb Rental Income: $null

Traditional Rental Income: $2072

Airbnb ROI: N/A