111 GUNNING BEDFORD DRIVE
About This Property
Originally a 4-bedroom home, the home was thoughtfully modified to expand the master suite, creating a comfortable and roomy retreat. Step outside to your very own 40 x 20 in-ground pool, a true backyard oasis ideal for relaxing, entertaining, and making lasting memories.
This property's location is second to none, with convenient access to Dover Air Force Base, Bally's Casino, Dover Mall, HomeGoods, Target, TJMaxx, Routes 1 and 13, and just a short 45-minute drive to Delaware's beautiful beaches.
Being sold as-is and where-is, the home does require some cosmetic updates, such as new carpeting and fresh paint, making this an exceptional value at an incredible price point. Whether you are an investor or seeking a home with tremendous potential, this property presents endless possibilities in a prime location.
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Cap Rate Calculator
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 26, 2025 | Sold | ||
| Sold | |||
| Sep 14, 2025 | In contract | - | |
| In contract | |||
| Sep 8, 2025 | Price Decreased |
$205,000
↓ $5K
(2.4%) | |
| Price Decreased | |||
| Aug 22, 2025 | Price Decreased |
$210,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Aug 12, 2025 | Listed by KW Empower | $215,000 | |
| Listed by KW Empower | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017