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205 Bright Star LN
About This Property
Set on one of the larger lots in Morningstar, this beautifully upgraded 4-bedroom, 3-bath M/I Homes residence showcases award-winning craftsmanship and thoughtful design throughout. The versatile floorplan includes a private guest suite, dedicated teen retreat with bonus living area, secluded primary suite, and a flex room ideal for a home office, sitting room, or game room.
The open-concept kitchen, dining, and living areas are designed for both entertaining and everyday living, featuring upgraded faucets, reverse osmosis water dispenser, new dishwasher, and new microwave. The living room is highlighted by a custom built-in fireplace with surrounding cabinetry and elegant board and batten wall treatment.
Additional upgrades include four-side masonry construction, upgraded front door, new carpet, built-in closet systems in bedrooms, custom linen cabinetry, and a fully customized laundry room with additional storage. Step outside to enjoy the covered patio and custom BBQ area overlooking the expansive backyard and peaceful greenbelt setting.
Morningstar is a premier master-planned community featuring resort-style amenities including 3 pools, soccer fields, sports courts, ziplines, parks, pavilions, scenic walking trails with fitness stations, and a stocked fishing pond-all while benefiting from lower HOA fees than neighboring Santa Rita communities. Zoned to highly rated Santa Rita schools, the neighborhood offers outstanding value and lifestyle appeal.
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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 |
|---|---|---|---|
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$435,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by AATX Residential | $445,000 | |
| Listed by AATX Residential | |||
| Aug 1, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 11, 2025 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
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About Williamson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017