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3524 Ophel Way
About This Property
The expansive family room, highlighted by a stunning stone fireplace, flows seamlessly into the formal dining area. The modern kitchen is equipped with stainless steel appliances, a large island, and a bright breakfast area, creating the perfect gathering space. Large windows throughout the home fill the interior with natural light, complemented by elegant 4-inch plantation shutters.
The spacious primary suite features a wall of windows overlooking the private backyard. The luxurious primary bath includes dual sinks, a large soaking tub, walk-in shower, and an oversized closet with direct access to the laundry room.
Step outside to a private, pool-sized backyard complete with a covered patio and retractable screen, allowing for peaceful outdoor living without the nuisance of bugs. A custom pool rendering designed specifically for the backyard is included with the listing.
Additional highlights include new ceiling fans throughout, a walk-in attic for extra storage, and a 3-car tandem garage that completes this exceptional home.
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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 |
|---|---|---|---|
| Sep 30, 2026 | No longer available | - | |
| No longer available | |||
| Sep 17, 2026 | Price Decreased |
$850,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Aug 18, 2026 | Price Decreased |
$875,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
| Jul 29, 2026 | No longer available | - | |
| No longer available | |||
| Jul 29, 2026 | Listed by Texas Premier Realty | $895,000 | |
| Listed by Texas Premier Realty | |||
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About Rustic Timbers
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017