47
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440 CEDAR LANE
About This Property
Upstairs, the sprawling primary suite serves as a true sanctuary, featuring an impressive 18x8 walk-in closet and a spa-like ensuite bath complete with a jetted soaking tub, tiled shower, linen closet, and separate water closet. Two additional large bedrooms-each equipped with walk-in closets-share a Jack-and-Jill bathroom, and a convenient laundry closet completes the upper floor. The lower level offers an oversized one-car garage over 30 feet deep, along with a finished basement family room, dedicated storage space, and a three-piece rough-in bath ready for completion. Mechanically superior, the home is equipped with a high-yield well, dual-zone HVAC, a whole-house water filtration system, energy/water-efficient fixtures, and available Xfinity high-speed internet. Outside, enjoy low-maintenance living with no monthly water or septic bills and approximate annual road maintenance of $350. Residents gain private access to the Shenandoah River for tubing, kayaking, and canoeing, alongside proximity to Cool Spring paved trails, the Appalachian Trail, local wineries and breweries. Commuting is a breeze with quick access to Route 7.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Sep 25, 2026 | Price Decreased |
$575,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$579,000
↓ $11K
(1.9%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $589,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017