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8811 MAGNETIC Drive
About This Property
Set against the Franklin Mountains, 8811 Magentic has the kind of setting and character that immediately feels special. Situated on a large corner lot in a sought-after neighborhood, this traditional-style home has an almost storybook quality, with timeless curb appeal and the mountains creating a dramatic backdrop.
Inside, the home has been recently refreshed, giving it a clean, updated feel while keeping the warmth and character that make traditional homes so inviting. The generous lot provides a sense of space that is hard to find, while the location at the base of the mountains gives the home a distinctly El Paso setting.
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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 2, 2026 | Listed by Center Real Estate | $364,500 | |
| Listed by Center Real Estate | |||
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by Center Real Estate | $219,000 | |
| Listed by Center Real Estate | |||
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Great opportunity in the established Park Foothills neighborhood of Northeast El Paso. This spacious home offers tons of space with multiple living areas, 4 bedrooms, 2 full bathrooms, 1 half bath, and a 2-car garage, all situated on a generous 9,500+ sq ft lot.
The property features a unique layout with character throughout, offering a timeless feel that stands out from more typical homes. With multiple living areas, mountain views, and a large backyard, there is plenty of room to reimagine the space while preserving its original charm.
This is a true value-add opportunity for buyers looking to renovate and build equity. The property is being sold as-is and is best suited for investors or buyers ready to take on a project.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017