932 Mesita Drive
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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%.
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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.
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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 29, 2026 | Sold | ||
| Sold | |||
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by Sandy Messer And Associates | $428,000 | |
| Listed by Sandy Messer And Associates | |||
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Wake up to park views and step directly from your backyard into Alethea Park. This completely remodeled single-level home in the heart of historic Kern Place offers a rare lifestyle opportunity. Featuring 3 bedrooms, 2 bathrooms, and approximately 1,800 sq ft, the home includes two living areas, a cozy fireplace, and an open modern kitchen with a large quartz island ideal for entertaining. The oversized patio captures stunning views of the park and city beyond, creating the perfect space for gatherings or quiet evenings outdoors. Additional highlights include a 2-car attached garage, rare extra side parking, and an oversized lot on a quiet street. Located minutes from UTEP, downtown, restaurants, and I-10, this move-in ready home combines modern updates with one of Kern Place's most desirable settings.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 30, 2020 | Sold | ||
| Sold | |||
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About Kern Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017