119 CORNWALL ROAD
About This Property
As you approach the home, you will be greeted by an inviting and cozy front porch perfect for people watching or just relaxing with your morning coffee. As you enter the home, you will love the warm wood flooring that stretches from the foyer into the great room. The great room is adorned with an inviting cantilevered fireplace with elegant marble surround, enhanced by wainscoting and custom plantation shutters. You'll love the seamless flow into the oversized gourmet kitchen, complete with custom tile, stainless steel appliances, a walk-in pantry, and gas cooking-perfect for culinary enthusiasts. The home's exquisite flooring includes hardwood, tile, and upgraded carpet, creating a warm and welcoming atmosphere throughout. The luxurious master suite, conveniently located on the first floor, boasts custom tile work, two expansive California closets, and a beautifully tiled shower. The first floor also features a second master suite, ideal for guests, as well as a versatile third bedroom also with its owns ensuite bathroom. Enjoy the convenience of a central vacuum on both levels and a wealth of thoughtful details that elevate everyday living. Venture to the second floor, where you'll find ample storage space and a fourth bedroom again with its own ensuite bathroom, along with a generously sized loft perfect for relaxation as a game room, a home office or a home gym depending on your needs. The exterior of this home is just as impressive, featuring solar panels for incredibly low electricity bills, an expansive screened-in porch with ceiling fans and skylights, and custom landscaping highlighted by a stacked stone wall. The expansive paver patio invites outdoor living, complete with a propane outlet for summer grilling.
Located just minutes from the pristine beaches of Coastal Delaware in the sought after community of Rehoboth Beach Yacht & Country Club. Enjoy easy access to shopping, your favorite local restaurants, the beach, boardwalk, state parks and all that the Rehoboth Beach has to offer. Experience true resort-style living in this exquisite home-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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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017