131 Paralee Street
About This Property
One of the standout features of this property is the huge vaulted covered back patio. This is not your typical covered porch. It is a large outdoor living space with a beautiful vaulted ceiling, lighting, ceiling fans, and plenty of room for entertaining, relaxing, or simply sitting back and enjoying the view across the property. Combined with the wonderful landscaping and oversized 1.25-acre lot, the backyard is a space you will want to spend time in. There is also a storage shed sitting on a concrete pad for additional storage.
The home was built with comfort and efficiency in mind, featuring spray foam insulation, a tankless water heater, and handicap-height toilets.
The location is another big plus, with convenient access to the area's major employment centers, as well as US-69/75 for an easy commute throughout Texoma and quick access to the Texas border.
With newer construction, a hard-to-find 1.25-acre lot, a fantastic outdoor living area, quality features, and a convenient location, 131 Paralee offers a great combination of space, efficiency, and accessibility. One owner, meticulously maintained, and move-in ready!
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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 |
|---|---|---|---|
| Aug 22, 2026 | Listed by Epique Realty | $399,000 | |
| Listed by Epique Realty | |||
| Jul 4, 2023 | No longer available | - | |
| No longer available | |||
| Apr 25, 2023 | In contract | - | |
| In contract | |||
| Feb 14, 2023 | Listed by Coldwell Banker VanMeter Rader Group | $329,000 | |
| Listed by Coldwell Banker VanMeter Rader Group | |||
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The manager has listed the unit size as 1900 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017