9012 RANCICH Street
About This Property
The Park Foothills subdivision is one that is often overlooked or simply not recognized by many, even for those who have lived in El Paso for years, but let's keep it real, houses in the Northeast built near the Franklin Mountains have the best views and sunsets in El Paso. There is a calm and tranquil vibe that only the suburban Northeast entails. You'll definitely feel this vibe from your swimming pool in the late afternoons where the skies begin its golden transformation, and you feel transported away from everything... until the household gets hungry and dinner is the priority. Then you'll appreciate that all the urban necessities are literally right down the street.
This could be your life.
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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 |
|---|---|---|---|
| Nov 15, 2022 | Sold | ||
| Sold | |||
| Sep 16, 2022 | Listed by RE/MAX Associates | $251,000 | |
| Listed by RE/MAX Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017