14540 SPANISH POINT Drive
About This Property
Upon arrival, you'll be greeted by the well-manicured front and back yards, creating a welcoming curb appeal. The 2-car garage not only provides secure parking but also comes equipped with a dog door and a built-in dog kennel, catering to the needs of your furry friends.
Step inside, and you'll find a beautifully designed kitchen that is both practical and stylish. The kitchen seamlessly opens to a dining room, creating a delightful space for family meals or entertaining guests. The thoughtful layout connects to the living area, forming an open and inviting ambiance. The master bedroom is a true retreat, featuring a bath tub, a walk-in shower, and a spacious walk-in closet. The market's demand for such a well-maintained property means this opportunity won't last long.
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Price Decreased |
$243,000
↓ $2K
(0.6%) | |
| Price Decreased | |||
| Oct 21, 2025 | Price Decreased |
$244,500
↓ $4K
(1.6%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed by ERA Sellers & Buyers Real Esta | $248,500 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
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Beautifully Maintained Home in East El Paso - Price Just Reduced! Walking Distance to Spanish Castle Park. Move-in ready 3 BR, 2 BA home is located in Tierra Del Este subdivision. Interior features; open living spaces w/ high ceilings & tile flooring throughout, creating a bright & easy-to-maintain interior. The kitchen features granite countertops, stainless steel appliances, & wood cabinetry. A spacious dining area w/ bay windows offers plenty of room for a full-size table, while a breakfast bar provides additional seating & serving space around the kitchen. The primary suite includes dual vanities, a soaking tub, & a separate shower, while the secondary BR's offer generous space for family, guests, or a home office. Backyard features a landscaped yard w/ low-maintenance rock design, a shaded pergola, & high rock walls for added privacy. A dedicated dog run makes this home ideal for pet lovers. Best of all, you're just a short walk to Spanish Castle Park, perfect for outdoor enjoyment & community living
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About El Paso
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Last Updated: 5 months ago
Data Source: GEPAR, MLS# 894600
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