488 Horizon Light Lane
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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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 7, 2026 | Listed by Houston Elite Properties LLC | $779,000 | |
| Listed by Houston Elite Properties LLC | |||
| Mar 25, 2026 | Listed by Houston Elite Properties LLC | $799,000 | |
| Listed by Houston Elite Properties LLC | |||
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LAKEVIEW, SOLAR-POWERED, LOW TAX and SECLUDED—this breathtaking 1-story sanctuary offers the ultimate retreat with no back neighbors and serene water views! This home features a masterful open-concept design flooded with natural light through massive windows. The chef’s kitchen is a total showstopper, boasting an extraordinary T-shaped oversized island, chic tile backsplash, and under-cabinet lighting. Work from home in the elegant French-door study with rich wood floors or host movie nights in the private media room. The primary suite is a true escape with "his and hers" closets, complemented by three additional spacious bedrooms perfect for family or guests. Step outside to a massive backyard—a private oasis perfectly sized for a future pool with a stunning lake backdrop. With a formal dining area, fireplace, and premium finishes throughout, this home is the perfect blend of style, energy efficiency, and peace!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017