11709 BUCKINGHAM DRIVE
About This Property
Inside, enjoy a bright, open floor plan with brand-new luxury vinyl plank flooring in the main living areas and the primary bedroom, while the two additional bedrooms feature new plush carpeting. The modern kitchen includes stainless steel appliances, sleek finishes, and a center island with seating. A sunlit dining area with sliding glass doors leads to the rear patio, making indoor-outdoor living a breeze.
The spacious primary suite boasts a walk-in closet and private bath with a stand-in shower. Two well-sized secondary bedrooms share a full hall bath. Additional highlights include a convenient laundry room, an attached two-car garage, and a serene backyard retreat.
Ideally located in a quiet, established neighborhood with easy access to Route 13, downtown Salisbury, Trap Pond State Park, and just 40 minutes to the Delaware and Maryland beaches-this move-in-ready home offers comfort, value, and location.
Don't miss this opportunity to enjoy updated, single-level living in one of Delmar's most welcoming communities!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017