28537 Paradise Manor DR
About This Property
Concrete and hardwood floors run throughout, grounding the home in natural texture and durability. The primary suite is conveniently located on the main level, while two additional bedrooms and a loft area on the second floor provide flexible space for guests, family, or a retreat.
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 offers direct access to outdoor recreation at the end of Shaw Drive - hiking, nature, and the Texas landscape right at your doorstep. Shared water well with neighbor.
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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 |
|---|---|---|---|
| May 7, 2026 | Listed by Redfin Corporation | $399,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017