116 RED CEDAR DRIVE
About This Property
The main living area flows into a bright dining space and kitchen, with access to the rear deck-perfect for outdoor dining and enjoying the private, tree-lined setting. A unique highlight of the home is the versatile flex room off the primary bedroom, currently used as a meditation space. This room could easily serve as a home office, exercise room, hobby space, or additional sitting area, and includes access to a large walk-in closet. Additional features include an attached 2-car garage, a generously sized backyard, and recent improvements such as a new roof (2026), water heater, washer, and dishwasher within the past three years. If you're looking for space, privacy, and potential in a convenient Milton location, this home is a great opportunity.
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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 6, 2026 | Sold | ||
| Sold | |||
| May 21, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by RE/MAX Realty Group Rehoboth | $399,000 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017