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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
507 Ontario Dr Elephant Butte, NM Have you been waiting for a home close to the lake......Welcome to 507 ONTARIO LOCATED IN ...	3 beds \| 2 baths \| 1,881 sq.ft.	$275,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 6.11% Airbnb Rental Income: $1105 Traditional Rental Income: $2083 Airbnb ROI: 0.9% Traditional ROI: 6.11%
106 Knox Drive Elephant Butte, NM	3 beds \| 2 baths \| 1,822 sq.ft.	$280,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 6.18% Airbnb Rental Income: $1105 Traditional Rental Income: $2115 Airbnb ROI: 0.94% Traditional ROI: 6.18%
52 Marina Rd. Elephant Butte, NM Southwest-Style Home with a view of Elephant Butte Lake! This spacious 2008-built Southwes...	4 beds \| 3 baths \| 3,173 sq.ft.	$375,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 6.36% Airbnb Rental Income: $884 Traditional Rental Income: $2981 Airbnb ROI: -0.56% Traditional ROI: 6.36%
16 Paint Elephant Butte, NM SPACE, VIEWS AND A ONE-OF-A-KIND BONUS! Experience the freedom of Southwestern living on 1...	4 beds \| 2 baths \| 2,200 sq.ft.	$525,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 2.89% Airbnb Rental Income: $884 Traditional Rental Income: $2150 Airbnb ROI: -0.38% Traditional ROI: 2.89%
114 Lincoln St Elephant Butte, NM Bring the boat, load up the UTV's, and get ready for lake days! This barndominium is built...	3 beds \| 3 baths \| 2,560 sq.ft.	$449,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.56% Airbnb Rental Income: $1105 Traditional Rental Income: $2372 Airbnb ROI: -0.34% Traditional ROI: 3.56%
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.	$189,900	Airbnb cash on cash: 2.15% Traditional cash on cash: 9.62% Airbnb Rental Income: $1105 Traditional Rental Income: $2079 Airbnb ROI: 2.15% Traditional ROI: 9.62%
114 Canadian Circle St 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: 0.25% Traditional cash on cash: 5.01% Airbnb Rental Income: $1105 Traditional Rental Income: $2072 Airbnb ROI: 0.25% Traditional ROI: 5.01%
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: 1.73% Traditional cash on cash: 6.11% Airbnb Rental Income: $1105 Traditional Rental Income: $1604 Airbnb ROI: 1.73% Traditional ROI: 6.11%
119 MESA GRANDE Rd Elephant Butte, NM Luxury Home in Turtleback Resort - Steps From Sierra del Rio Golf Course! 119 Mesa Grande,...	3 beds \| 2 baths \| 1,707 sq.ft.	$469,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 1.94% Airbnb Rental Income: $1105 Traditional Rental Income: $1724 Airbnb ROI: -0.32% Traditional ROI: 1.94%
34 Underwood Plac 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: -0.2% Traditional cash on cash: 3.62% Airbnb Rental Income: $1105 Traditional Rental Income: $2521 Airbnb ROI: -0.2% Traditional ROI: 3.62%
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.	$149,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 9.73% Airbnb Rental Income: $1105 Traditional Rental Income: $1704 Airbnb ROI: 2.91% Traditional ROI: 9.73%
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: 1.05% Traditional cash on cash: 6.15% Airbnb Rental Income: $1105 Traditional Rental Income: $1819 Airbnb ROI: 1.05% Traditional ROI: 6.15%
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.	$149,500	Airbnb cash on cash: 0.24% Traditional cash on cash: 6.32% Airbnb Rental Income: $612 Traditional Rental Income: $1190 Airbnb ROI: 0.24% Traditional ROI: 6.32%
8 Hackney Circle St Elephant Butte, NM Gorgeous Pueblo-Style Estate on Nearly 14 Acres! Welcome to this stunning pueblo-style hom...	3 beds \| 3 baths \| 5,433 sq.ft.	$674,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.07% Airbnb Rental Income: $1105 Traditional Rental Income: $2547 Airbnb ROI: -0.81% Traditional ROI: 2.07%
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.	$375,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 3.7% Airbnb Rental Income: $1105 Traditional Rental Income: $2058 Airbnb ROI: -0.07% Traditional ROI: 3.7%
306 Trinity Elephant Butte, NM Whether you're looking for a weekend getaway, a comfortable full-time home, or a place to ...	2 beds \| 2 baths \| 1,020 sq.ft.	$143,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 6.29% Airbnb Rental Income: $612 Traditional Rental Income: $1121 Airbnb ROI: 0.45% Traditional ROI: 6.29%
401 Roadrunner Circle Elephant Butte, NM Enjoy space, views, and great entertaining in this 3 BDR, 2 bath. Featuring two living are...	3 beds \| 2 baths \| 2,262 sq.ft.	$575,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 2.01% Airbnb Rental Income: $1105 Traditional Rental Income: $1971 Airbnb ROI: -0.3% Traditional ROI: 2.01%
106 INCA St Elephant Butte, NM Brand-New 2026 Triplex - Prime Investment or Owner-Occupant Opportunity! Don't miss this i...	4 beds \| 3 baths \| 1,940 sq.ft.	$429,900	Airbnb cash on cash: -0.34% Traditional cash on cash: 2.42% Airbnb Rental Income: $884 Traditional Rental Income: $1656 Airbnb ROI: -0.34% Traditional ROI: 2.42%
408 DOVE Ave Elephant Butte, NM Unique 2 bedroom 2 bath home located on a spacious cul-de-sac lot surrounded by lush lands...	2 beds \| 2 baths \| 1,193 sq.ft.	$245,500	Airbnb cash on cash: -0.48% Traditional cash on cash: 3.65% Airbnb Rental Income: $612 Traditional Rental Income: $1280 Airbnb ROI: -0.48% Traditional ROI: 3.65%
501 Springland Boul Elephant Butte, NM Spacious 5-bedroom, 3-bath home located just minutes from the lake! This completely fenced...	5 beds \| 3 baths \| 2,080 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $2217 Airbnb ROI: N/A Traditional ROI: 4.42%
221 CAMINO SEIS St Elephant Butte, NM OWNER FINANCING AVAILABLE! This remodeled single-wide home has a cozy, inviting feel and r...	2 beds \| 1 baths \| 720 sq.ft.	$89,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 7.54% Airbnb Rental Income: $612 Traditional Rental Income: $858 Airbnb ROI: 1.37% Traditional ROI: 7.54%
103 El Sendero St Elephant Butte, NM Here it is! A Tuscan-Inspired Golf Course Retreat with Pond Views Experience the perfect b...	3 beds \| 2 baths \| 1,675 sq.ft.	$365,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 3.83% Airbnb Rental Income: $1105 Traditional Rental Income: $2026 Airbnb ROI: 0.06% Traditional ROI: 3.83%
201 Las Cruces Elephant Butte, NM Kick off your golf course living at hole number one, in this 3 bed \| 2 bath home inside th...	3 beds \| 2 baths \| 1,566 sq.ft.	$439,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.85% Airbnb Rental Income: $1105 Traditional Rental Income: $2106 Airbnb ROI: 0.51% Traditional ROI: 3.85%
300 Rio Grande Circ Elephant Butte, NM Welcome home to this immaculately kept, move-in ready spacious 2,251 sq. ft. brick and stu...	3 beds \| 3 baths \| 2,251 sq.ft.	$418,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.69% Airbnb Rental Income: $1105 Traditional Rental Income: $2496 Airbnb ROI: 0.19% Traditional ROI: 4.69%
603 Alhambra St Elephant Butte, NM Enjoy the best of lake living in this well-maintained 3-bedroom, 2-bath manufactured home,...	3 beds \| 2 baths \| 1,368 sq.ft.	$199,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 6.08% Airbnb Rental Income: $1105 Traditional Rental Income: $1496 Airbnb ROI: 2.04% Traditional ROI: 6.08%
57 Old Ranch Road Elephant Butte, NM Experience the charm of New Mexico living at 57 Old Ranch Rd. in Elephant Butte. This invi...	3 beds \| 2 baths \| 2,392 sq.ft.	$365,500	Airbnb cash on cash: 0.07% Traditional cash on cash: 5.04% Airbnb Rental Income: $1105 Traditional Rental Income: $2438 Airbnb ROI: 0.07% Traditional ROI: 5.04%
215 HALLMARK Elephant Butte, NM Welcome to this charming 1,614 sq ft brick home located in a desirable neighborhood near T...	2 beds \| 2 baths \| 1,614 sq.ft.	$300,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 4.03% Airbnb Rental Income: $612 Traditional Rental Income: $1633 Airbnb ROI: -0.62% Traditional ROI: 4.03%
33 PAINT Trl Elephant Butte, NM Beautiful southwest style home on 1.73 acres, offering 1,682 sq. ft. of comfortable living...	2 beds \| 2 baths \| 1,682 sq.ft.	$339,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 3.8% Airbnb Rental Income: $612 Traditional Rental Income: $1764 Airbnb ROI: -0.73% Traditional ROI: 3.8%
107 Lakeshore Dr Elephant Butte, NM Beautiful unique southwest adobe style 3 bedroom 3 bath home sitting on fenced 1/2 acre lo...	3 beds \| 3 baths \| 1,800 sq.ft.	$439,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.44% Airbnb Rental Income: $1105 Traditional Rental Income: $1835 Airbnb ROI: -0.24% Traditional ROI: 2.44%
727 Organ Ave Elephant Butte, NM Charming 2-Bedroom, 2-Bath Home Near Lake and Amenities. Light, bright, and airy, this cut...	2 beds \| 2 baths \| 1,212 sq.ft.	$210,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 4.16% Airbnb Rental Income: $612 Traditional Rental Income: $1309 Airbnb ROI: -0.8% Traditional ROI: 4.16%
111 Lincoln St Elephant Butte, NM Discover this impressive 2014 manufactured home offering 4 bedrooms, 2 bathrooms, and a sp...	4 beds \| 2 baths \| 1,530 sq.ft.	$395,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.67% Airbnb Rental Income: $884 Traditional Rental Income: $1671 Airbnb ROI: -0.36% Traditional ROI: 2.67%
506 BASS Rd Elephant Butte, NM Enjoy the best of Southwest living in this beautifully remodeled 3-bedroom, 2-bath manufac...	3 beds \| 2 baths \| 1,037 sq.ft.	$229,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 5.15% Airbnb Rental Income: $1105 Traditional Rental Income: $1468 Airbnb ROI: 1.75% Traditional ROI: 5.15%

Real Estate investment in Elephant-butte, NM

There are 33 properties for sale in the city of Elephant Butte . The median list price in Elephant Butte is $399,310 and the average price per square foot is $225. In November 2026, the average monthly cash on cash return in Elephant Butte is 4.00%. The average monthly rental income in Elephant Butte is $1,874.

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

There are 33 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 $1,105.

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: 0.9%

Traditional cash on cash: 6.11%

Airbnb Rental Income: $1105

Traditional Rental Income: $2083

Airbnb ROI: 0.9%

Traditional ROI: 6.11%

106 Knox Drive

Elephant Butte, NM

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

$280,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 6.18%

Airbnb Rental Income: $1105

Traditional Rental Income: $2115

Airbnb ROI: 0.94%

Traditional ROI: 6.18%

52 Marina Rd.

Elephant Butte, NM

4 beds | 3 baths | 3,173 sq.ft.

$375,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 6.36%

Airbnb Rental Income: $884

Traditional Rental Income: $2981

Airbnb ROI: -0.56%

Traditional ROI: 6.36%

16 Paint

Elephant Butte, NM

4 beds | 2 baths | 2,200 sq.ft.

$525,000

Airbnb cash on cash: -0.38%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $884

Traditional Rental Income: $2150

Airbnb ROI: -0.38%

Traditional ROI: 2.89%

114 Lincoln St

Elephant Butte, NM

3 beds | 3 baths | 2,560 sq.ft.

$449,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $1105

Traditional Rental Income: $2372

Airbnb ROI: -0.34%

Traditional ROI: 3.56%

312 Ocotillo Dr

Elephant Butte, NM

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

$189,900

Airbnb cash on cash: 2.15%

Traditional cash on cash: 9.62%

Airbnb Rental Income: $1105

Traditional Rental Income: $2079

Airbnb ROI: 2.15%

Traditional ROI: 9.62%

114 Canadian Circle St

Elephant Butte, NM

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

$299,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1105

Traditional Rental Income: $2072

Airbnb ROI: 0.25%

Traditional ROI: 5.01%

304 OCOTILLO Dr

Elephant Butte, NM

3 beds | 2 baths | 1,216 sq.ft.

$210,000

Airbnb cash on cash: 1.73%

Traditional cash on cash: 6.11%

Airbnb Rental Income: $1105

Traditional Rental Income: $1604

Airbnb ROI: 1.73%