12 BURLEY STREET
About This Property
Designed for both comfort and functionality, the home features a main-level primary suite, offering convenience, privacy, and flexibility for a variety of lifestyles. Step inside to discover bright, open living spaces, stylish finishes, and thoughtful updates throughout, creating a home that's ready for you to simply move in and enjoy.
Outside, you'll find room to spread out on the generous half-acre property, complete with a large detached shed/workshop perfect for storing tools, outdoor equipment, beach toys, or creating the ultimate hobby space. The expansive yard offers endless possibilities for entertaining, gardening, pets, or even adding future outdoor amenities.
Perfectly positioned just minutes from Ocean City's famous beaches and boardwalk, the breathtaking shores of Assateague Island, and the award-winning Delaware beaches, this home puts the best of the Eastern Shore at your fingertips. Spend your days enjoying boating, fishing, golfing, dining, shopping, and endless coastal adventures before returning home to the charm of historic downtown Berlin-consistently recognized as one of America's Coolest Small Towns for its locally owned shops, award-winning restaurants, breweries, coffee houses, and year-round community events.
Whether you're searching for your forever home, a coastal retreat, or an investment opportunity, this beautifully renovated property offers the rare combination of modern updates, a desirable main-level primary suite, generous outdoor space, and an unbeatable location. This is Eastern Shore living at its finest.
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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