121 TULIP DR
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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%.
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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.
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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 |
|---|---|---|---|
| Feb 1, 2021 | Sold | ||
| Sold | |||
| Oct 21, 2020 | Listed by Jack Lingo - Rehoboth | $399,000 | |
| Listed by Jack Lingo - Rehoboth | |||
| Dec 31, 2018 | No longer available | - | |
| No longer available | |||
| Sep 10, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $349,000 | |
| Listed | |||
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Just reduced $20k - country living East of Route One in Lewes! This charming home on a quiet street offers one floor living with 3 bedrooms, 2 full baths. Features include a gourmet kitchen with tile flooring, gas stove and under-cabinet lighting, separate dining room, sunroom with new luxury vinyl tile flooring. Updates include new carpet (2018), new well (2017), new hot water heater (2016), hook-up for generator on deck (hard-wired to panel) and Cat 3 wiring throughout the house for future electronics needs. Second floor of separate garage is currently used as an office and could be configured many ways - wiring/heat/ac in place- just needs plumbing/fixtures/appliances. Plenty of off-street parking allows you to bring your boat, RV, trailer and work trucks. Adjacent community will offer direct access to Lewes-Georgetown Trail for walking/biking. This home is outside city limits but only minutes from everything. No rules, no regs - see it today and make it your own. The manager has listed the unit size as 1568 square feet.
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017