7 Cedar Lane
About This Property
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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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Mar 31, 2025 | Listed | $229,000 | |
| Listed | |||
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Set on a picturesque hill in a desirable 55+ community, this home offers a unique blend of privacy, charm, and scenic views. With 1,027 sq. ft. of spacious living, this 2-bedroom, 1-bath home features an open kitchen and dining area with Corian countertops, recessed lighting, and ample cabinet space. New laminate flooring flows throughout, enhancing the home’s warmth and appeal. Recent updates include a new PVC front porch, perfect for enjoying the elevated setting, and built-in closets for added storage. With two porches to relax on and a dual heating hot water system, this home is move-in ready. Just a short distance from the clubhouse, swimming pool, and community amenities, it offers both tranquility and convenience.
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| Jan 19, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 10, 2024 | Price Decreased |
$220,000
↓ $30K
(12%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017