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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Las Cruces, NM
$ 175,000
ROI
23.7
Cash Flow/m
191- 2 Bed
- 2 Bath
- 933 sft
2930 Claude Dove Dr APT 2, Las Cruces, NM, 88011
$ 235,000
ROI
21.0Cash Flow/m
79- 2 Bed
- 2 Bath
- 1225 sft
3650 Morning Star Dr Unit 3201, Las Cruces, NM, 88011
$ 125,000
ROI
23.1Cash Flow/m
115- 2 Bed
- 2 Bath
- 1110 sft
1481 Alamo St APT A, Las Cruces, NM, 88001
$ 162,000
ROI
21.8Cash Flow/m
93- 1 Bed
- 1 Bath
- 720 sft
3901 Sonoma Springs Ave APT 1105, Las Cruces, NM, 88011
Why Invest in Las Cruces, New Mexico?
Las Cruces, NM offers strong opportunities for **condo** investors seeking stable returns in a growing market. With **rental yields** around 6-7% and **cap rates** of 5-6%, condos appeal to first-time buyers and renters alike. The local economy supports steady demand, driven by employment growth and university presence. Appreciation remains modest at 1-2% annually, favoring long-term cash flow over speculation. Lower inventory keeps values resilient despite national slowdowns.
7.2%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
1.5%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 6.5% and appeal to students and retirees. Low vacancy supports steady cash flow. Stable appreciation makes them suitable for long-term holds.
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