1406 Osprey Heights
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 15, 2026 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Oct 26, 2025 | Price Decreased |
$440,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Aug 15, 2025 | Price Decreased |
$445,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jun 6, 2025 | Listed by Keller Williams Legacy | $450,000 | |
| Listed by Keller Williams Legacy | |||
| |||
|
** VA assumable loan at 6.125% (must be a veteran and qualify). ** This distinctive corner lot home in The Ridge at Lookout Canyon delivers both comfort and practicality with thoughtful upgrades throughout. The downstairs primary suite offers convenient single-level living with a spacious walk-in closet and a jetted tub for unwinding after long days. Bamboo wood flooring flows seamlessly through the main living areas and up the staircase, creating continuity while granite countertops in the kitchen provide both durability and style. The family room centers around a striking stone fireplace that anchors the space, while solar screens on the windows help manage Texas heat efficiently. Recent improvements include a new Class 4 hail resistant roof installed in 2024 and a new stove, plus the addition of a water softener and high-level HVAC filtration system that addresses both comfort and air quality concerns. Modern fixtures throughout the home reflect current design sensibilities without feeling trendy. Upstairs, the open loft-style gameroom creates flexible space for entertainment or relaxation, complemented by a dedicated study featuring a built-in desk for productivity. Three additional bedrooms and abundant storage solutions ensure this home accommodates both daily living and long-term organization needs. The exterior offers equal appeal with a large, grassy yard enclosed by privacy fencing, a full sprinkler system that maintains the landscape, and a practical storage shed tucked into the backyard. Location advantages include an elementary school just one mile away and close proximity to neighborhood amenities including the community park and pool. For qualified veterans, this property presents a unique opportunity through VA loan assumption, potentially offering significant financial advantages in today's market. The combination of recent updates, functional layout, and desirable location in The Ridge at Lookout Canyon creates a compelling package for buyers seeking both immediate comfort and future value.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017