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103 TALBOT DRIVE
About This Property
An ADA compliant concrete ramp leads to a zero-degree threshold entry, and extra-wide, easy-glide doorways carry that accessibility through every room. The fully renovated kitchen features granite countertops, updated cabinetry, and newer appliances. The bathroom includes a walk-in tub for safe, independent use. Hardwood flooring and abundant natural light complete the interior.
Major systems have already been updated: new roof and HVAC (2023), new windows and exterior doors (2024), and a rebuilt deck (2023) overlooking a fenced, private backyard with a 30-foot buffer to neighboring Delmarva property.
Conveniently located near I-95, Route 141, DuPont Highway, and the Delaware Memorial Bridge, with easy access to Wilmington. A true turnkey opportunity in a quiet, well-established neighborhood.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017