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Map
12 Cliff Drive
About This Property
at 12 Cliff Dr in Mineral Wells, TX was built in 1974 and offers 4 bedrooms, 2 bathrooms and
a generous 2,186 sq.ft. of finished living space. Recent renovations include all new
windows (2021), new flooring throughout, new tile in living room, dining room and foyer
(2026). All bedroom carpeting removed and replaced with new hardwood style laminate
flooring (2021), new roof (2023), new swimming pool (with life time warranty), new decking
and professional desert landscaping (2023), remodeled master bath (2024), whole home
water softener (2022), and reverse osmosis water in the kitchen (2022). Situated on a
spacious view lot spanning 1.35 acres, this property provides ample room to enjoy outdoor
activities and privacy. With its quaint design and ample land, this home offers the perfect
blend of comfort and space for a variety of lifestyles.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$599,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$609,000
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | No longer available | - | |
| No longer available | |||
| Jul 2, 2026 | Listed by My Castle Realty | $625,000 | |
| Listed by My Castle Realty | |||
| May 14, 2026 | Price Decreased |
$625,000
↓ $40K
(6%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
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About Mineral Wells
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017