28531 Paradise Manor DR
About This Property
The main level features one bedroom, a full bathroom, an open living area, and an eat-in kitchen - all grounded by durable concrete flooring and light, modern paint that keeps the space feeling fresh and bright. Upstairs, a loft and second bedroom with a half bathroom provide flexible space for guests, a creative retreat, or a quiet home office.
Step outside to a large back deck where the Hill Country views take center stage - whether you're watching the sunrise with coffee or listening to the rain on the metal roof, this property delivers the kind of peace that's hard to find.
Just down the road, LCRA's Turkey Bend Park at the end of Shaw Drive puts hiking, nature trails, and the Texas landscape right at your doorstep.
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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 |
|---|---|---|---|
| Jul 22, 2026 | Listed by Redfin Corporation | $350,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017