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
507 Ontario Dr Elephant Butte, NM This 3 bedroom 2 bath home is 5 minutes from Elephant Butte Lake. It has lots of closet s...	3 beds \| 2 baths \| 1,881 sq.ft.	$275,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.88% Airbnb Rental Income: $1115 Traditional Rental Income: $2083 Airbnb ROI: 0.7% Traditional ROI: 5.88%
106 Knox Dr 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: 0.96% Traditional cash on cash: 6.17% Airbnb Rental Income: $1115 Traditional Rental Income: $2115 Airbnb ROI: 0.96% Traditional ROI: 6.17%
600 Skyline Dr Elephant Butte, NM On a 1+acre beautifully landscaped desert terrain lot, this spacious 2-story home blends c...	4 beds \| 2 baths \| 3,202 sq.ft.	$440,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.83% Airbnb Rental Income: $815 Traditional Rental Income: $2292 Airbnb ROI: -0.54% Traditional ROI: 3.83%
107 Pajaritos Dr Elephant Butte, NM Beautiful Tuscan home, perfectly situated in Villa Tuscano of Elephant Buttes Turtleback M...	3 beds \| 2 baths \| 2,545 sq.ft.	$534,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 2.99% Airbnb Rental Income: $1115 Traditional Rental Income: $2413 Airbnb ROI: -0.37% Traditional ROI: 2.99%
101 Ave Nido Blvd Elephant Butte, NM IMPRESSIVE EXECUTIVE HOME LOCATED ON THE SIGNATURE SDR GOLF COURSE IN ELEPHANT BUTTE! STAR...	3 beds \| 2 baths \| 3,332 sq.ft.	$649,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 1.87% Airbnb Rental Income: $1115 Traditional Rental Income: $2360 Airbnb ROI: -0.8% Traditional ROI: 1.87%
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: 2.29% Traditional cash on cash: 9.42% Airbnb Rental Income: $685 Traditional Rental Income: $943 Airbnb ROI: 2.29% 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: -1.26% Traditional cash on cash: 0.98% Airbnb Rental Income: $815 Traditional Rental Income: $3514 Airbnb ROI: -1.26% Traditional ROI: 0.98%
312 Ocotillo Dr Elephant Butte, NM Nice double-wide home on a spacious double lot! Features include granite countertops in th...	3 beds \| 2 baths \| 1,960 sq.ft.	$194,500	Airbnb cash on cash: 2.12% Traditional cash on cash: 9.37% Airbnb Rental Income: $1115 Traditional Rental Income: $2079 Airbnb ROI: 2.12% Traditional ROI: 9.37%
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: 0.28% Traditional cash on cash: 5.01% Airbnb Rental Income: $1115 Traditional Rental Income: $2072 Airbnb ROI: 0.28% 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: 2.11% Traditional cash on cash: 7.41% Airbnb Rental Income: $1115 Traditional Rental Income: $1741 Airbnb ROI: 2.11% Traditional ROI: 7.41%
106 La Puntas Rd Elephant Butte, NM Experience the best of New Mexico living in this Tuscan-style 3-bedroom, 2.5-bath home ove...	3 beds \| 2 baths \| 2,622 sq.ft.	$555,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 3.25% Airbnb Rental Income: $1115 Traditional Rental Income: $2875 Airbnb ROI: -0.87% Traditional ROI: 3.25%
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: -0.57% Traditional cash on cash: 3.1% Airbnb Rental Income: $685 Traditional Rental Income: $1249 Airbnb ROI: -0.57% 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.	$140,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 6.07% Airbnb Rental Income: $685 Traditional Rental Income: $1149 Airbnb ROI: 0.36% Traditional ROI: 6.07%
304 Ocotillo Dr 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: 1.77% Traditional cash on cash: 6.11% Airbnb Rental Income: $1115 Traditional Rental Income: $1604 Airbnb ROI: 1.77% 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.	$240,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 3.67% Airbnb Rental Income: $1115 Traditional Rental Income: $1333 Airbnb ROI: 1.06% Traditional ROI: 3.67%
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: -0.94% Traditional cash on cash: 9.91% Airbnb Rental Income: $377 Traditional Rental Income: $537 Airbnb ROI: -0.94% 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: -1.65% Traditional cash on cash: 1.45% Airbnb Rental Income: $377 Traditional Rental Income: $808 Airbnb ROI: -1.65% 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.	$88,000	Airbnb cash on cash: -2.49% Traditional cash on cash: 5.44% Airbnb Rental Income: $377 Traditional Rental Income: $808 Airbnb ROI: -2.49% Traditional ROI: 5.44%
265 Champagne Hills Rd Elephant Butte, NM 265 Champagne Hills Rd, Elephant Butte, NM 87935 \| Other	N/A beds \| N/A baths \| N/A	$68,300	Airbnb cash on cash: -1.32% Traditional cash on cash: 4.82% Airbnb Rental Income: $377 Traditional Rental Income: $542 Airbnb ROI: -1.32% Traditional ROI: 4.82%
201 Las Cruces Rd Elephant Butte, NM 201 Las Cruces Rd, Elephant Butte, NM 87935 \| Single Family Residential	3 beds \| 2 baths \| 1,566 sq.ft.	$439,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.88% Airbnb Rental Income: $1115 Traditional Rental Income: $1769 Airbnb ROI: -0.63% Traditional ROI: 1.88%
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.	$659,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 1.32% Airbnb Rental Income: $1115 Traditional Rental Income: $2007 Airbnb ROI: -0.74% Traditional ROI: 1.32%
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: -1.15% Traditional cash on cash: 6.68% Airbnb Rental Income: $377 Traditional Rental Income: $524 Airbnb ROI: -1.15% 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: -1.68% Traditional cash on cash: -0.2% Airbnb Rental Income: $377 Traditional Rental Income: $536 Airbnb ROI: -1.68% Traditional ROI: -0.2%
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: -0.87% Traditional cash on cash: 10.46% Airbnb Rental Income: $377 Traditional Rental Income: $524 Airbnb ROI: -0.87% Traditional ROI: 10.46%
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: -0.91% Traditional cash on cash: 9.86% Airbnb Rental Income: $377 Traditional Rental Income: $524 Airbnb ROI: -0.91% Traditional ROI: 9.86%
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.	$500,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.62% Airbnb Rental Income: $1115 Traditional Rental Income: $2521 Airbnb ROI: -0.19% Traditional ROI: 3.62%
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: -0.78% Traditional cash on cash: 1.78% Airbnb Rental Income: $1115 Traditional Rental Income: $2177 Airbnb ROI: -0.78% Traditional ROI: 1.78%
420 San Mateo Ave 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: 2.82% Traditional cash on cash: 9.32% Airbnb Rental Income: $1115 Traditional Rental Income: $1704 Airbnb ROI: 2.82% Traditional ROI: 9.32%
605 Hawthorne Dr 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: 1.09% Traditional cash on cash: 6.15% Airbnb Rental Income: $1115 Traditional Rental Income: $1819 Airbnb ROI: 1.09% Traditional ROI: 6.15%
107 Idaho Ct 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: 1.06% Traditional cash on cash: 5.96% Airbnb Rental Income: $1115 Traditional Rental Income: $1852 Airbnb ROI: 1.06% Traditional ROI: 5.96%
TBD Armendariz Rd Elephant Butte, NM TBD Armendariz Rd, Elephant Butte, NM 87901 \| Other	N/A beds \| N/A baths \| 4,174 sq.ft.	$69,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 7.23% Airbnb Rental Income: $377 Traditional Rental Income: $711 Airbnb ROI: -1.32% Traditional ROI: 7.23%
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: 0.62% Traditional cash on cash: 6.11% Airbnb Rental Income: $685 Traditional Rental Income: $1190 Airbnb ROI: 0.62% Traditional ROI: 6.11%
517 San Andres Dr 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: 0.7% Traditional cash on cash: 5.88% Airbnb Rental Income: $685 Traditional Rental Income: $1097 Airbnb ROI: 0.7% Traditional ROI: 5.88%
120 Mustang Dr Elephant Butte, NM 120 Mustang Dr, Elephant Butte, NM 87935 \| Manufactured Home	3 beds \| 3 baths \| 1,728 sq.ft.	$355,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.39% Airbnb Rental Income: $1115 Traditional Rental Income: $1820 Airbnb ROI: 0.15% Traditional ROI: 3.39%
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: 2.33% Traditional cash on cash: 5.93% Airbnb Rental Income: $1115 Traditional Rental Income: $1369 Airbnb ROI: 2.33% 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: -0.81% Traditional cash on cash: 1.96% Airbnb Rental Income: $1115 Traditional Rental Income: $2547 Airbnb ROI: -0.81% 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: -0.34% Traditional cash on cash: 3.6% Airbnb Rental Income: $1115 Traditional Rental Income: $2640 Airbnb ROI: -0.34% Traditional ROI: 3.6%
101 Mimbres Dr 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.	$427,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 3.13% Airbnb Rental Income: $1115 Traditional Rental Income: $2058 Airbnb ROI: -0.16% Traditional ROI: 3.13%
108 Canadian St 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: 0.19% Traditional cash on cash: 5.73% Airbnb Rental Income: $1115 Traditional Rental Income: $2559 Airbnb ROI: 0.19% Traditional ROI: 5.73%
401 Roadrunner Cir Elephant Butte, NM 401 Roadrunner Cir, Elephant Butte, NM 87935 \| Single Family Residential	3 beds \| 2 baths \| 2,262 sq.ft.	$599,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 1.56% Airbnb Rental Income: $1115 Traditional Rental Income: $1971 Airbnb ROI: -0.64% Traditional ROI: 1.56%

Real Estate investment in Elephant-butte, NM

There are 55 properties for sale in the city of Elephant Butte . The median list price in Elephant Butte is $328,830 and the average price per square foot is $203. In June 2026, the average monthly cash on cash return in Elephant Butte is 5.00%. The average monthly rental income in Elephant Butte is $1,745.

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

There are 55 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 $1,115.

Your search for investment property begins and ends here

Investment Property for Sale in Elephant Butte, NM

507 Ontario Dr

Elephant Butte, NM

3 beds | 2 baths | 1,881 sq.ft.

$275,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 5.88%

Airbnb Rental Income: $1115

Traditional Rental Income: $2083

Airbnb ROI: 0.7%

Traditional ROI: 5.88%

106 Knox Dr

Elephant Butte, NM

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

$280,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $1115

Traditional Rental Income: $2115

Airbnb ROI: 0.96%

Traditional ROI: 6.17%

600 Skyline Dr

Elephant Butte, NM

4 beds | 2 baths | 3,202 sq.ft.

$440,000

Airbnb cash on cash: -0.54%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $815

Traditional Rental Income: $2292

Airbnb ROI: -0.54%

Traditional ROI: 3.83%

107 Pajaritos Dr

Elephant Butte, NM

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

$534,000

Airbnb cash on cash: -0.37%

Traditional cash on cash: 2.99%

Airbnb Rental Income: $1115

Traditional Rental Income: $2413

Airbnb ROI: -0.37%

Traditional ROI: 2.99%

101 Ave Nido Blvd

Elephant Butte, NM

3 beds | 2 baths | 3,332 sq.ft.

$649,000

Airbnb cash on cash: -0.8%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1115

Traditional Rental Income: $2360

Airbnb ROI: -0.8%

Traditional ROI: 1.87%

100 Camino Encantado

Elephant Butte, NM

2 beds | 1 baths | 692 sq.ft.

$80,000

Airbnb cash on cash: 2.29%

Traditional cash on cash: 9.42%

Airbnb Rental Income: $685

Traditional Rental Income: $943

Airbnb ROI: 2.29%

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: -1.26%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $815

Traditional Rental Income: $3514

Airbnb ROI: -1.26%

Traditional ROI: 0.98%

312 Ocotillo Dr

Elephant Butte, NM

3 beds | 2 baths | 1,960 sq.ft.

$194,500

Airbnb cash on cash: 2.12%

Traditional cash on cash: 9.37%

Airbnb Rental Income: $1115

Traditional Rental Income: $2079

Airbnb ROI: 2.12%