107 CHESHIRE WAY
About This Property
The main level features a welcoming foyer, a formal dining room, and a spacious kitchen with Corian countertops, an island, breakfast bar, and a bright breakfast nook that opens to a cozy sitting area and deck overlooking the backyard. The first-floor primary suite includes a walk-in closet and an en suite bath with dual vanities, soaking tub, and separate shower. Additional highlights include hardwood flooring, a laundry/utility area, a half bath, and a 2-car garage.
Upstairs, you'll find three generously sized bedrooms-one with its own en suite bath-plus a hall bath and a finished flex room (finished but unconditioned), perfect for a studio, office, or gym. Walk-in attic storage and a walk-up third floor offer excellent expansion potential.
Recent updates add peace of mind: roof (2018) and AC (2023). This well-maintained home combines space, comfort, and flexibility in one of Rehoboth's most desirable communities-just minutes from beaches, dining, and downtown charm.
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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.
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About Sussex
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$2,250 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017