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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Portales, NM

Listed for sale today
$ 235,000
ROI
25.0
Cash Flow/m
344- 3 Bed
- 2 Bath
- 1592 sft
2202 W University Dr, Portales, NM, 88130

Listed for sale 2 days ago
$ 280,000
ROI
20.2
Cash Flow/m
37- 3 Bed
- 3 Bath
- 2884 sft
157 Yucca Dr, Portales, NM, 88130

Listed for sale 4 days ago
$ 185,000
ROI
31.3
Cash Flow/m
594- 3 Bed
- 2 Bath
- 1656 sft
224 Oklahoma Dr, Portales, NM, 88130

Listed for sale 6 days ago
$ 165,000
ROI
29.7
Cash Flow/m
456- 4 Bed
- 2 Bath
- 1544 sft
722 W 17th St, Portales, NM, 88130
Why Invest in Portales, New Mexico?
Portales, NM offers strong investment opportunities in homes under $300k, with affordable entry points for rental properties. The local market supports solid **rental yields** around 8-10% due to steady demand from Eastern New Mexico University students and agriculture workers. **Cap rates** average 7-9%, bolstered by low vacancy rates and moderate appreciation. Cash flow potential is high with average rents at $1,200/month for 3-bed homes. Renter-occupied housing exceeds 45%, ensuring reliable income streams.
9.5%
Avg. ROI
9.2%
Rental Yield
8.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.2%
1Y Appreciation
Find Your Perfect Investment Property in Portales, New Mexico
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