7344 SKYROCKET Drive
About This Property
The heart of the home features a great room that seamlessly integrates with the kitchen, adorned with granite countertops and stainless steel appliances, setting the scene for memorable gatherings. The fireplace adds a touch of warmth and ambiance, making it the perfect spot to unwind. Interior crown molding and carefully selected lighting, including recessed and pendant options, elevate the sense of luxury and attention to detail throughout the home.
Embrace the beauty of outdoor living with the private, view-enriched backyard that boasts an outdoor gas grill, fridge, and a covered patio, complemented by a charming wooden pergola an ideal backdrop for entertaining or peaceful evenings. The meticulous landscaping, complete with bushes, flowers, and trees, enhances the property's curb appeal and privacy.
Positioned for convenience, this home offers easy access to I-10, and is just a stroll away from the Shops at Cimarron, ensuring dining and shopping options are always within reach. Families will appreciate the proximity to Sylvester Reyes Elementary School and the abundance of parks in the vicinity, fostering an active and engaged community lifestyle.
Additional features include a spacious master bedroom with a walk-in closet, refrigerated air for year-round comfort, a utility room, and the assurance of no backyard neighbor for added privacy. With its phenomenal layout and the community's amenities supported by an HOA, this residence is more than a home; it's a haven for those seeking quality living in El Paso.
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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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Mar 28, 2024 | Listed by Harris Real Estate Group, Inc. | $355,000 | |
| Listed by Harris Real Estate Group, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017