5705 NOVILLA Place
About This Property
A built-in casita offers additional private living space ideal for guests, extended family, or a rental opportunity that actively produces cash flow, adding both versatility and income potential to the property.
Step outside to enjoy a spacious backyard featuring a newly painted and maintained pool, perfect for relaxing and entertaining. With plenty of additional outdoor space for gardening or creating your own private oasis, the backyard is ready to enjoy. Conveniently located near schools, parks, shopping, dining, and major roadways, this property combines the peaceful atmosphere of Upper Valley living with easy access to everything El Paso has to offer. Don't miss the opportunity to make 5705 Novilla Place your new home!
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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 |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$561,999
↓ $13K
(2.3%) | |
| Price Decreased | |||
| Aug 13, 2026 | Listed by JPAR (ofc4312) | $574,999 | |
| Listed by JPAR (ofc4312) | |||
| Jul 24, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 7, 2026 | Price Decreased |
$575,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Apr 26, 2026 | Listed by Realty One Group Mendez Burk | $595,000 | |
| Listed by Realty One Group Mendez Burk | |||
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Beautiful and spacious home featuring 4 bedrooms and 3 bathrooms, plus a converted garage studio complete with its own bedroom and full bath--perfect for guests, extended family, or rental potential. This property also offers a convenient full bathroom in the backyard, ideal for pool use and outdoor entertaining.
The interior showcases a combination of wood, ceramic tile, and carpet flooring (on the second level), creating both comfort and style throughout. Bathrooms are upgraded with elegant marble countertops, while the kitchen boasts stunning granite surfaces. A dedicated laundry room adds to the home's functionality.
Enjoy outdoor living with a fully equipped irrigation system in both the front and back yards. French doors enhance natural light and accessibility, while shutters throughout the home provide a timeless look and added privacy.
Listing subject to errors, omissions, and changes without notice. Info provided is deemed reliable but not guaranteed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017