6300 Franklin Desert Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Mar 3, 2025 | Listed by The Art of Realty | $525,000 | |
| Listed by The Art of Realty | |||
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This stunning single-level residence sits on a desirable corner lot in one of West El Paso's most prestigious neighborhoods. Offering views of the majestic Franklin Mountains, this 2,699 square foot home combines elegant design with practical family living. Upon entering, you'll appreciate the premium finishes throughout, including rich hardwood and ceramic tile floors that flow seamlessly from room to room. The formal dining room provides the perfect setting for entertaining guests, while the separate breakfast area adjacent to the kitchen offers casual dining space for everyday meals. The home features four spacious bedrooms, including a zoned primary suite that serves as a private retreat. This luxurious owner's sanctuary includes a spa-like bathroom with a relaxing jetted tub and an expansive walk-in closet for abundant storage. Comfort is ensured year-round with efficient refrigerated air conditioning, while plantation shutters throughout the home provide both privacy and light control. The outdoor living space is equally impressive, featuring a covered patio perfect for al fresco dining and entertaining. The thoughtfully designed backyard includes a grassy play area with a children's playground and a unique circular cement path ideal for young bike riders.
Vehicle accommodation is generous with an oversized three-car garage, providing ample space for cars and storage.
Located in a family-friendly community with excellent schools and convenient access to shopping, dining, and recreation, this exceptional home offers the perfect balance of luxury and functionality in one of El Paso's most sought-after areas.
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| Feb 14, 2023 | Sold | ||
| Sold | |||
| Jan 4, 2023 | Listed by ERA Sellers & Buyers Real Esta | $479,950 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
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About Bear Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017