361 CEDAR DRIVE
About This Property
Privacy, acreage, and practical flexibility come together on this 1.2-acre cul-de-sac property with no HOA. Located in a pastoral setting and featuring a new wraparound deck, this ranch-style home also includes an oversized 2-car garage with office space, adding room for projects, storage, or work-from-home needs.
Inside, LVP flooring carries through the main level and all three bedrooms for a cohesive, low-maintenance finish. The completely remodeled kitchen features new natural hickory cabinets, stainless steel appliances, and a butcher block breakfast bar island. The bathroom has also been completely remodeled with new cabinetry, adding fresh updates where they matter most.
Generously sized bedrooms, a full hall bath with tub and shower combination, a septic system replaced in 2024, and a metal roof replaced in 2026 add to the home's overall value and durability. Tucked into a private setting with convenient access to Route 9, I-81, schools, shopping, and dining, this property offers usable space, recent improvements, and freedom from HOA restrictions.
*** This property is back on the active market through no fault of the 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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Relisted | $285,000 | |
| Relisted | |||
| Mar 26, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by Dandridge Realty Group, LLC | $285,000 | |
| Listed by Dandridge Realty Group, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017