99 Cedar Swamp Road
About This Property
What sets this property completely apart is its incredible exterior functionality, featuring two separate driveways and a garage on either side of the house. The massive garage on the left extends the entire depth of the home and is currently utilized as an expansive workshop with direct access from the dedicated lower-level utility room. The garage on the right offers convenient access via a rear door, accompanied by an expanded asphalt parking area. The private, park-like backyard also includes a handy storage shed fully equipped with electricity.
Inside, the layout breaks the mold of a typical bi-level floor plan to offer exceptional space and versatility. The upper level features a bright living room with a beautiful bay window, a family room, a kitchen with a dedicated breakfast area, and an extended dining room illuminated by a bright skylight and modern recessed lighting. This level houses three comfortable bedrooms and a full bath, with original hardwood floors waiting to be uncovered beneath the carpeting in the original portion of the structure. The lower level adds fantastic functional space, offering a fourth bedroom, a second full bath, a cozy den, and a private office complete with built-in organizers. Minutes from the I-195 corridor, this location provides effortless access to the Garden State Parkway, the NJ Turnpike, and the Jersey Shore, making it the perfect blend of unique utility, solid bones, and commuting convenience.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by Keller Williams Shore Properties | $524,900 | |
| Listed by Keller Williams Shore Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017