39 Split Cedar Drive
About This Property
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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%.
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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 16, 2026 | Listed by Coldwell Banker American Homes | $649,000 | |
| Listed by Coldwell Banker American Homes | |||
| Aug 13, 2026 | Delisted | - | |
| Delisted | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
| Apr 30, 2026 | Price Decreased |
$649,000
↓ $16K
(2.4%) | |
| Price Decreased | |||
| Mar 25, 2026 | Listed by Coldwell Banker American Homes | $665,000 | |
| Listed by Coldwell Banker American Homes | |||
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Welcome to a beautifully maintained farm ranch with raised dormers, set on a quarter acre lot in the heart of Islandia Village.
The first floor offers easy single-level living with 3 bedrooms, a full bath, and a bright open layout. The updated kitchen features quartz countertops,stainless appliances, and newer appointments throughout (refrigerator 2 yrs. young, dishwasher and stove 5 yrs. young). A sun filled living room with electric fireplace flows seamlessly into an open dining area, and a gererous den wrapped in windows provides the perfect spot for a home office, playroom or quiet reading nook. First-floor laundry with a five-year old washer and dryer adds everyday convenience.
Upstairs, you'll find a flexible retreat with its own bedroom, second den, kitchenette, and full bath.
Outside is a beautifully maintained, fully fenced backyard built for everyday living and weekend entertaining. Two storage sheds and swing set stays with the home - move in and start enjoying it from day one.
Major mechanicals are already done: Roof and siding are both just 9 yrs. young, plus brand new flooring throughout the the first floor, two renovated full bathrooms, and an updated kitchen. A 1.5 car garage, 3- car paved driveway, and unrestricted street parking round out the package.
Located in the quiet Village of Islandia with easy access to the LIE, Northern State Parkway, Ronkonkoma LIRR, shopping, dining and Jake's 58 Casino. A rare oppotunity to own a true move-in-ready home in a tucked-away community.
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About Islandia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017