27
Map
5663 US 62 Lot 3D
About This Property
-Owner Financing Available
-Partially Fenced
-Easy Access - Paved Public Road
-Power Available
-No Restrictions
-Freshly Surveyed
-45 mins from El Paso
LOT 3D: This expansive 15.5-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.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Price Increased |
$64,900
↑ $10K
(18.2%) | |
| Price Increased | |||
| Mar 18, 2025 | Price Decreased |
$54,900
↓ $15K
(21.5%) | |
| Price Decreased | |||
| Jan 17, 2025 | Listed by ListWithFreedom.com Inc. | $69,900 | |
| Listed by ListWithFreedom.com Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017