2214 MERMAID Drive
About This Property
Bring your design ideas and create the home of your dreams. The spacious interior features a warm and inviting fireplace, perfect for cooler El Paso evenings. Step outside to discover an expansive lot boasting a private pool--a rare find ready to be transformed into your personal backyard oasis.
While the property needs some TLC to reach its full potential, it offers an outstanding footprint for great equity. Imagine the possibilities of customizing the finishes and upgrades to your exact taste. Located just minutes from top-rated local schools, shopping centers, and major commuter routes, this location is unbeatable. Don't miss this chance to turn a diamond in the rough into a stunning showpiece!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 19, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by The WAR Team | $250,000 | |
| Listed by The WAR Team | |||
| Mar 25, 2004 | Sold | ||
| Sold | |||
| Dec 23, 2003 | Listed by DKD Associates Inc. | $104,900 | |
| Listed by DKD Associates Inc. | |||
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THIS PROPERTY WILL BE OFFERED JANUARY 13, 2004 - JANUARY 27, 2004, THROUGH AN ONLINE BIDDING EVENT AT WWW.REALTYBID.COM. FOR MORE DETAILS, YOU MAY CALL: JIM HENDERSON @ 892-5645.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017