11 SANDPIPER DRIVE
About This Property
This spacious one-owner home offers comfortable living with three bedrooms, two full baths, and two separate living areas-perfect for entertaining or spreading out. Inside, you'll find real hardwood flooring throughout most of the main living spaces, carpet in two of the bedrooms, a formal dining room that easily accommodates larger furniture pieces, and a bright four-season sunroom ideal for year-round enjoyment. ☀️❄️ The kitchen retains its original cabinetry and functional appliances, providing a great layout with room for future upgrades. 🔧
The oversized outdoor shower is perfect for rinsing off after a day at the beach, while the fenced backyard offers mature landscaping, lush green grass, and extends your living space outdoors with a large back deck. 🌺🛁🌿
Recent updates include a roof and gas furnace installed around 2014–2015, a 2013 water heater, and a recently serviced HVAC system. 🔧 This is a rare opportunity to own east of Route 1 with convenient access to beaches, parks, dining, shopping, and the Lewes–Cape May ferry. 🛍️⛴️🍽️ Whether you're looking for a full-time residence or a beach retreat, this home is ready for your personal touch-schedule your tour today! 📞✨
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017