5512 MILRAY Drive
About This Property
Step into luxury and comfort with this stunning single-level residence nestled within a prestigious gated subdivision in El Paso's Upper Valley. As you enter through the inviting covered courtyard, abundant natural light greets you, setting a serene tone throughout.
This meticulously designed home boasts 4 spacious bedrooms, including an oversized master suite that promises tranquility and relaxation. The open floor plan seamlessly integrates a modern kitchen, elegant dining area, and a cozy living room with a fireplace, perfect for both everyday living and entertaining guests.
A standout feature of this home is the attached gym, offering convenience and privacy, with direct access to the beautifully manicured backyard. Whether you enjoy outdoor activities or prefer to unwind in a peaceful setting, the landscaped yard provides ample space for both, complemented by a covered patio ideal for al fresco dining and relaxation with a wood-burning fireplace.
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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 |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Aug 3, 2024 | Listed by Realty One Group Mendez Burk | $925,000 | |
| Listed by Realty One Group Mendez Burk | |||
| Mar 25, 2009 | Sold | ||
| Sold | |||
| May 23, 2008 | Listed by Prudential BKB, REALTORS | $489,900 | |
| Listed by Prudential BKB, REALTORS | |||
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UNIQUE 4 BEDROOM HOME WITH MEDIA ROOM BUILT AROUND AN OPEN COURTYARD. LOCATED ON A LARGE LOT IN A GATED COMMUNITY, THIS HOME OFFERS OUTSTANDING STANDARD FEATURES TO INCLUDE: GRANITE COUNTERTOPS THROUGHOUT, STAINLESS STEEL COMMERCIAL STYLE COOKTOP & DOUBLE OVENS, 4 FIREPLACES, SOLID WOOD DOORS, CUSTOM CLOSET IN THE MASTERBEDROOM, 3 CAR GARAGE AND LOTS MORE. POSSIBLE OWNER FINANCING - ask for details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017