15188 Paradise View Drive
About This Property
The secondary bedrooms are comfortable & spacious, while the master bedroom is large enough for the most grand furniture plus dual closets, double sinks, seated vanity, and ample countertop space in the master bath. Walk out of your bedroom onto the wrap-around porch for the perfect morning coffee, every day.
You'll appreciate the tankless water heater, new generator, metal roof (~5 years old), and air conditioned attic storage + oversized garage w/golf cart bay, work benches, full bath in garage w/outdoor shower.
Outdoor enthusiasts will love the private boathouse w/lifts & dock. Perfect for water activities & relaxation. Take in those lake sunsets every day.
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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 8, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | No longer available | - | |
| No longer available | |||
| Jul 31, 2024 | Listed by Compass RE Texas, LLC - The Woodlands | $869,000 | |
| Listed by Compass RE Texas, LLC - The Woodlands | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017