6703 BOULDER CANYON Lane
About This Property
A great sized living area, dining area, and kitchen comprise the downstairs. A convenient powder room is located off the kitchen by the garage. Granite counters, island, large pantry, and stainless steel appliances complete the kitchen. From the upstairs master bedroom you'll have a private view of the indigenous high desert terrain unique to El Paso. Enjoy the fresh scent of the Creosote bushes after an afternoon shower and chances are high that you will spot deer. Brush up on your putting game with the built in putting green on the private patio. With synthetic lawn and stamped concrete there is very little upkeep required. The HOA covers all the maintenance of common areas, walkways and plants outside, the pool, and the pool house.
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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 |
|---|---|---|---|
| Jun 8, 2020 | Sold | ||
| Sold | |||
| May 5, 2020 | Listed by Coldwell Banker Legacy | $198,000 | |
| Listed by Coldwell Banker Legacy | |||
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About Chaparral Park North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017