2515 CEDAR AVE
About This Property
This two-story single-family home is minutes away from shopping, parks and major roadways! The home is situated on .29 of an acre and has a large back yard that allows for all your back yard needs. The home has the original hard woods floors throughout the downstairs and upstairs (except kitchen and bath). Downstairs has a large open living room that can be used for almost anything! The living room has a French doors that open to the back yard with a concrete patio right outside and steps leading down to the oversized back yard. The upstairs has four bedrooms with lots of windows to allow natural light. The main bedroom has a good size walk in closet. The full basement has great built in storage space with potential for finishing. The HVAC has been replaced within the last 5 years. Please be advised that the home is being sold in "as is" condition. All inspections will be for informational purposes only.
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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 |
|---|---|---|---|
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Mar 20, 2023 | In contract | - | |
| In contract | |||
| Mar 14, 2023 | Relisted | $299,999 | |
| Relisted | |||
| Mar 8, 2023 | In contract | - | |
| In contract | |||
| Jun 18, 2022 | Listed by RE/MAX 1st Choice - Middletown | $315,000 | |
| Listed by RE/MAX 1st Choice - Middletown | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017