5985 WESTSIDE Drive
About This Property
The area has seen a lot of new growth in recent months with many parcels changing zoning designations to accommodate a more modern lifestyle, while maintaining the rural charm that cannot be found elsewhere in the El Paso region.
With the new Village at Westside Crossing being developed across the street, this parcel presents some interesting opportunities.
Note that this parcel is one of the few remaining in the area that is not in the floodplain on the new FEMA Flood maps!
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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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | Price Increased |
$620,000
↑ $40K
(6.9%) | |
| Price Increased | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Increased |
$580,000
↑ $60K
(11.5%) | |
| Price Increased | |||
| Jun 30, 2025 | Price Decreased |
$520,000
↓ $79K
(13.2%) | |
| Price Decreased | |||
Property Highlights
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About West Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017