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2306 Parana Drive
About This Property
This beautifully renovated home has been completely inside and out, offering both modern and peaceful surroundings. Recent improvements all-new electrical wiring, plumbing, HVAC, and recent foundation work with a transferable warranty, it offers peace of mind.
The kitchen boasts custom cabinetry with soft-close drawers, brand-new stainless steel appliances, a gas range, and quartz countertops with a waterfall peninsula that provides additional seating. New energy-efficient windows have added abundant natural light without the heat.
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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 |
|---|---|---|---|
| Jun 25, 2026 | Listed by Conveyance Real Estate, LLC | $3,000 | |
| Listed by Conveyance Real Estate, LLC | |||
| May 27, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 6, 2026 | Listed by CENTURY 21 Western Realty, Inc | $515,000 | |
| Listed by CENTURY 21 Western Realty, Inc | |||
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Turnkey, fully renovated and priced to sell in Spring Shadows—one of Spring Branch’s most convenient and established neighborhoods. This home stands out with major system updates already completed, including electrical, plumbing, HVAC, and foundation work with a transferable warranty—giving buyers peace of mind most homes in the area don’t offer. The open layout is bright and functional, featuring updated flooring, energy-efficient windows, and a spacious living area with fireplace and built-ins. The kitchen is a true highlight with custom cabinetry, soft-close drawers, stainless appliances, gas range, and a quartz waterfall peninsula for additional seating. Flexible front room for office or playroom. Both bathrooms are fully updated, and the primary suite offers a walk-in closet and modern bath. All the big-ticket items are done—just move in and enjoy. Easy access to major freeways, shopping, and dining. Strong value for a fully renovated home in this area.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017