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Map
1016 Paradise Parkway
About This Property
Step outside and enjoy a huge covered back porch, perfect for relaxing and taking in the quiet country setting. Mature live oak trees and well-maintained landscaping surround the home, adding both beauty and privacy. The property is fully fenced with pipe fencing and no-climb wire, making it well-suited for animals or a small hobby operation. A large insulated metal shop with electric roll-up doors offers excellent space for equipment, projects, or additional storage. A whole-home generator provides added peace of mind, ensuring comfort and reliability year-round.
Conveniently located near Weatherford and within easy reach of the DFW Metroplex, this property delivers the space, functionality, and country lifestyle that buyers are looking for.
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Cap Rate Calculator
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 26, 2026 | No longer available | - | |
| No longer available | |||
| Jun 30, 2026 | Price Decreased |
$745,000
↓ $4K
(0.5%) | |
| Price Decreased | |||
| Apr 6, 2026 | Listed by Trinity Country Real Estate | $749,000 | |
| Listed by Trinity Country Real Estate | |||
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 19, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017