7621 ENCHANTED RIDGE Drive
About This Property
Granit countertops, undermounted sinks, vented exhaust hood, and a full appliance package including Frigidaire Stainless steel range, microwave, dishwasher, side by side refrigerator and GE Washer and dryer are included.
The park is just steps away and the neighborhood has great walking trails. Wonderful shopping and dining are less than 2.5 miles away, the hospital is 1 mile away, and dozens of biking and hiking trails are right up the road. A 25 min drive will get you to Fort Bliss or downtown 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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by Keller Williams Realty | $418,000 | |
| Listed by Keller Williams Realty | |||
| Jun 7, 2023 | Listed by Brokers Inc Real Estate Group | $388,500 | |
| Listed by Brokers Inc Real Estate Group | |||
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This beautiful blue sage home is elegant, efficient and well distributed. Modern meets classical design.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017