75 SOUTHERN DRIVE
About This Property
Completely remodeled from top to bottom, this 2 bedroom, 2 bath ranch offers peace of mind with all new windows, roof, siding, and appliances. The open living space features hardwood floors and stainless steel in a bright, modern kitchen. Step onto the new 10x12 rear deck with views of the spacious backyard.
Set just off Route 55 in a quaint HOA Lakefront community, this home offers quick access to local amenities, major commuter routes, and year round recreation. The Shenandoah River and Elizabeth Furnace Recreation Area are just minutes away for hiking, fishing, and exploring the National Forest.
The level lot is ideal for play, pets, or potential future additions. The full unfinished basement is clean, open, and ready for your vision as a home office, gym, or additional rooms.
This move-in ready property is a rare find for first time buyers, downsizers, and anyone in between who wants new finishes without the wait.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Relisted | $364,900 | |
| Relisted | |||
| Jul 7, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Price Decreased |
$369,900
↓ $10K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017