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515 Paseo Grand DR
About This Property
You have a dedicated office space. The natural light that flows through this space in the mornings makes this space a joy to work in.
The plentiful, large windows allow natural light to flood the home and highlight the exquisite details, including bamboo hardwood flooring and a spectacular amount of space. You have a dedicated formal dining room off the kitchen, this space will make gatherings a breeze.
You have an nice family room overlooking the backyard, open to the kitchen and breakfast area. The kitchen is fit for a resident chef, with an island, tile backsplash, breakfast area, and large walk-in pantry/utility room.
Head upstairs; you have a loft or game room area; how will you use his space? Perfect for entertaining guests or using as a second living for those upstairs! Your expansive primary bedroom provides a place to relax and retreat. Many windows illuminate this space with natural light.
The ensuite features a dual extended vanity! Imagine soaking in the garden tub after a long day or hopping in the walk-in shower for a hot scrub.
The guest bedrooms are open & spacious. Your secondary bath has an extended single vanity and a tub/shower combo.
Your backyard offers a patio slab and an additional one in the corner with a built-in grill. It is a beautiful place to have a BBQ, admire the stars, and sip your favorite beverage. This backyard is ready for your finishing touches. Updated roof in March 2025. The convenient location has easy access to 1431, Parmer & 183A, also near HEB, retail shopping, and restaurants. Excellent amenities like a pool, dog park, picnic area, a playground, and a pond. Welcome home!
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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 11, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Listed by Compass RE Texas, LLC | $575,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017