Under $200K Investment Properties for Sale in New Mexico
193- 3 Bed
- 2 Bath
- - sft
271- 2 Bed
- 2 Bath
- 983 sft
219- 3 Bed
- 1 Bath
- 936 sft
375- 2 Bed
- 1 Bath
- 809 sft
Why Invest in New Mexico?
New Mexico offers compelling opportunities for investors targeting properties under $200k, with thousands of listings available statewide. Affordable entry points in cities like Albuquerque, Las Cruces, and Santa Fe provide strong potential for cash flow and appreciation. Average cap rates hover around 7-9%, supported by steady rental demand from a growing renter population. Recent Census data shows renter-occupied housing at 36%, driving consistent yields. Economic diversification and job growth enhance long-term ROI for budget-conscious portfolios.
Frequently Asked Questions
Yes, over 7,000 properties under $200k are available statewide, concentrated in Albuquerque, Las Cruces, and Santa Fe. These offer strong cash flow potential with average rents around $1,050. Focus on single-family homes and condos for best entry-level deals.
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