100 LANTERN LANE
About This Property
The second floor offers a spacious loft, additional bedroom, and full bathroom, providing excellent space for guests, hobbies, or a private retreat. The finished basement expands the living space with a large recreation room and full bathroom, while a substantial unfinished area provides abundant storage or future possibilities.
Heritage Creek offers an amenity-rich lifestyle with a community clubhouse, outdoor swimming pool, fitness center, walking and biking trails, and community garden. The community is conveniently located near historic downtown Milton, with its local shops, restaurants, Milton Theatre, and Dogfish Head Brewery, while Lewes and Rehoboth Beach are just a short drive away.
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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%.
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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 |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by Long & Foster Real Estate, Inc. | $607,999 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017