Under $300K Investment Properties for Sale in Clovis, NM
625- 4 Bed
- 2 Bath
- 2392 sft
193- 3 Bed
- 2 Bath
- - sft
271- 2 Bed
- 2 Bath
- 983 sft
1144- 4 Bed
- 2 Bath
- 1730 sft
Why Invest in Clovis, New Mexico?
Clovis, New Mexico offers affordable entry points for real estate investors seeking properties under $300,000, with a median home price significantly below national averages. The market features strong rental demand driven by steady employment in agriculture, manufacturing, and government sectors. Properties in this price range typically offer solid cash flow potential and cap rates attractive to buy-and-hold investors. The lower acquisition costs allow investors to build diversified portfolios with multiple properties, while the stable local economy supports consistent tenant demand and predictable rental income.
Frequently Asked Questions
Properties in this price range typically generate $350–$500 monthly cash flow after accounting for mortgage, taxes, insurance, and maintenance. Actual returns depend on property condition, tenant quality, and financing terms. Most investors achieve 6–7% cap rates on well-managed properties.
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