5502 Paraiso Place
About This Property
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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 |
|---|---|---|---|
| Jan 13, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Nov 23, 2025 | Price Decreased |
$500,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Oct 30, 2025 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Oct 15, 2025 | Listed by Keller Williams Premier Realty | $525,000 | |
| Listed by Keller Williams Premier Realty | |||
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This architecturally refined home nestled in the gated La Sierra community offers 4 bedrooms, 3.5 baths, & a spacious open-concept design filled with natural light, soaring ceilings, & sleek finishes. The gourmet kitchen is a true centerpiece—featuring quartz countertops, Bosch stainless steel appliances, & a large island that flows effortlessly into the dining area, while the bright & airy family room impresses with its high ceilings. The 1st-floor primary suite offers a serene retreat with a spa-inspired bath complete with a soaking tub, frameless glass shower, & dual sinks. Upstairs, a versatile game room is equipped with 7.1 surround sound, a 135” screen, & 4K projector—perfect for movie nights. Generously sized secondary bedrooms & 2 full baths offer versatility for your needs. Outdoors, enjoy the expansive covered patio featuring a vaulted tongue-&-groove wood ceiling, ceiling fan, & plenty of space for entertaining. All this, just minutes from The Heights, Downtown, & Galleria!
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About North Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,600 /mo
- 3 Beds
- 2 Baths
- 1,648 ft²
$3,950 /mo
- Studio
- 1 Bath
- 192 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017