6317 Franklin Gate Drive
About This Property
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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 |
|---|---|---|---|
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Jan 17, 2026 | Listed by Home Pros Real Estate Group | $375,000 | |
| Listed by Home Pros Real Estate Group | |||
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Located in the desirable Franklin Hills neighborhood of West El Paso, this Santa Fe style single story home offers 1,822 square feet with 3 bedrooms and 2 bathrooms on an approximately 0.20 acre lot.
Built in 2006, the home features two separate living areas and a dedicated formal dining room, creating flexible space for everyday living and entertaining. The kitchen and bathrooms have been tastefully upgraded, adding modern function while maintaining the home's character. The oversized primary bedroom provides a comfortable retreat with generous space.
One of the standout features is the backyard, designed for relaxation and entertaining, with an elevated covered sitting area that includes a fireplace, television, ceiling fans, and expansive views. Conveniently located near schools, shopping, dining, and west side amenities, this is a unique and highly desirable home in one of El Paso's most sought after areas.
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| Aug 5, 2024 | Sold | ||
| Sold | |||
| Jun 23, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017