1408 Ridgewood DR
About This Property
Recent improvements include full window replacement completed in April 2026, updated bathrooms with clean, contemporary finishes, Roof shingles 2021, Carpet 2023, Water Heater 2022 along with additional updates. Every improvement has been thoughtfully made, creating a home that is truly move-in ready.
Inside, you'll find multiple dining areas, a thoughtfully designed kitchen that serves as the heart of the home, and an inviting layout that flows seamlessly for everyday living and entertaining. Natural light fills the living spaces, creating a warm and welcoming atmosphere throughout.
Step outside to enjoy a spacious backyard designed for relaxing or gathering with family and friends. The covered patio and beautifully maintained yard provide the perfect setting for outdoor entertaining, play, or quiet evenings at home.
Located within the acclaimed Leander ISD, this home is conveniently situated near elementary, middle, and high schools, with quick access to major roadways, shopping, dining, and everyday conveniences. Residents also enjoy Ridgewood North's outstanding community amenities, including a neighborhood pool, park, playground. Combining extensive updates, exceptional maintenance, an ideal location, and timeless appeal, this home is a rare opportunity you won't want to miss.
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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 |
|---|---|---|---|
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Keller Williams Realty Lone St | $329,999 | |
| Listed by Keller Williams Realty Lone St | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017