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79017 El Paseo Drive
About This Property
Step inside to an open, light-filled living space with exposed wood beams, polished concrete floors, and French doors that frame the mountains. A loft overhead adds flexible space for a home office, reading nook, or extra sleeping area. The cute kitchen flows into a sunny dining area, and the primary bedroom features a vaulted ceiling, a rustic beam, and a vintage chandelier.
When the sun goes down, head up to the upper deck for some of the best stargazing around. On cool winter nights, the wood-burning stove keeps things cozy. A mini-split for heating and cooling plus wall AC units keep you comfortable year-round, and a covered front porch is ready for your morning coffee.
The county records show 400 square feet, but the actual living space measures approximately 675 square feet or more. Buyer to verify.
Room to breathe, skies full of stars, and your own water source, all just minutes from town. Homes like this don't come along often, so schedule your showing today and come see it for yourself.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Listed by 29 Palms Realty | $249,000 | |
| Listed by 29 Palms Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017