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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 7 days ago
$ 288,800
ROI
22.6
Cash Flow/m
228- 3 Bed
- 3 Bath
- 1898 sft
312 E 17th Ln, Portales, NM, 88130
$ 219,000
ROI
23.5Cash Flow/m
225- 3 Bed
- 2 Bath
- 1848 sft
763 S Roosevelt Rd N, Portales, NM, 88130
$ 259,000
ROI
21.6Cash Flow/m
132- 3 Bed
- 2 Bath
- 1956 sft
1017 W Spruce St, Portales, NM, 88130
$ 205,000
ROI
27.6Cash Flow/m
447- 3 Bed
- 2 Bath
- 1728 sft
511 Apache Trl, 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
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