5661 US-62
About This Property
-Partially Fenced
-Easy Access - Paved Public Road
-Power Available
-No Restrictions
-Freshly Surveyed
-45 mins from El Paso
PROPERTY/LOT 3: This expansive 15.56-acre lot, located east of El Paso on US 62, offers a prime opportunity for residential or recreational use 🏡. The property features fencing on two sides 🚧, 524 feet of paved public road frontage 🚗, and an on-site power pole ⚡. With no restrictions 🚫, light brush 🌿, and a flat, trouble-free terrain 🏞️, it is highly buildable and ideal for various types of structures from mobile homes to barns 🏠. Freshly surveyed 📏 and benefiting from cheap taxes 💰, this property promises significant savings. 🚙 About 20 minutes northwest, nature enthusiasts will find Hueco Tanks State Park & Historic Site, offering trails, picturesque scenery, and a chance to escape into a desert oasis. Just a short drive east down US-62, discover downtown El Paso.
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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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by ListWithFreedom.com Inc. | $69,900 | |
| Listed by ListWithFreedom.com Inc. | |||
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About Hudspeth
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Last Updated: 4 months ago
Data Source: GEPAR, MLS# 903635
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017