721 MESITA 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 |
|---|---|---|---|
| Oct 7, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 10, 2025 | Price Decreased |
$465,000
↓ $34K
(6.8%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$499,000
↓ $51K
(9.3%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed by The Tye Team | $575,000 | |
| Listed by The Tye Team | |||
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A fully renovated gem in the heart of Kern Place. This corner-lot home blends original charm with modern style, featuring refinished hardwood floors, high ceilings, an electric fireplace, remote-controlled blinds, and designer lighting. The stunning kitchen boasts a waterfall island, a gas range with pot filler, wine storage, and brass and matte black finishes. The spacious primary suite offers a double vanity, LED mirrors, Bluetooth speaker, overhead lighting, and a luxurious walk-in dual shower. Additional bedrooms are perfect for family, guests, or office space. A detached guest casita includes a private entrance, full bath, kitchenette, and views of the Franklin Mountains — ideal for in-laws, visitors, or Airbnb use. Enjoy a newly built covered gazebo with mountain views, a private backyard with dual gates, an extended carport, and modern fencing. The home is also equipped with solar panels for added energy efficiency. Minutes from UTEP, hospitals, parks, and downtown, this home is a El Paso luxury!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017